Reviewed by Craig Hoebing, AZ Commercial Mortgage Banker CMB-1047342 · Updated October 2026
Indexes observed on October 1, 2026
Treasury.gov's daily par yield curve for October 1, 2026 showed 5.01 percent at the 5-year, 5.12 percent at the 7-year, and 5.24 percent at the 10-year. The same day's New York Fed reference-rate file showed a 30-day Average SOFR of 3.75414 percent. Overnight SOFR on that file was 3.90 percent with an effective date of September 30, 2026. The Federal Reserve's H.15 daily release dated October 1, 2026 printed the bank prime loan at 7.00 percent in the September 30 column. H.15 describes that rate as the one posted by a majority of the top 25 insured U.S.-chartered commercial banks.
The rates and calculator page retrieves these series when it can and otherwise shows the last stored print with its own date. If a live figure on that page is newer than this essay, the page is the one to use. This essay records what was verifiable on October 1, 2026. It does not update itself, and it does not convert an index into a loan coupon.
One-month CME Term SOFR is not listed. CME licenses that benchmark and limits website viewing on its own pages. There is no free redistributable figure to put here, so none is shown here.
What the last full research prints said
The Mortgage Bankers Association reported on August 6, 2026 that commercial and multifamily originations in the second quarter of 2026 were 16 percent higher than a year earlier and 12 percent higher than the first quarter. MBA described the gain as uneven: retail and office led the year-over-year property-type increases, healthcare lagged, and depositories and CMBS rose while GSE and life-company originations were lower than a year earlier. That is a national survey of originators. It is not Capital Market Funds volume, and it is not an Arizona forecast. The longer reading is the MBA note already on this site.
The Federal Housing Finance Agency said on November 24, 2025 that 2026 multifamily loan purchase caps for Fannie Mae and Freddie Mac would be $88 billion each, $176 billion combined, with at least half of each enterprise's multifamily business required to be mission-driven. Caps are not a statement that a given Phoenix or Tucson apartment belongs in an agency execution. Capital Market Funds is not a Fannie Mae DUS lender.
CBRE's Q2 2026 lending commentary, which this site already quotes on the rates page, said average commercial mortgage rates on fixed five- to ten-year permanent loans were 5.7 percent, down from 5.9 percent a year earlier, with commercial spreads of 204 basis points and multifamily spreads of 162 basis points. Those are CBRE's figures for that quarter. They are not a Capital Market Funds rate sheet and not a description of October.
What this update refuses to say
It does not say that rates will fall or rise in the rest of 2026. A yield on October 1 is an observation. Sponsors who need a number for a budget should type their own rate into the calculator and treat the output as arithmetic. Sponsors who need a number for a loan should ask for a term sheet on a real asset.
It does not say that Arizona is 'open' or 'closed.' National origination surveys do not underwrite a Scottsdale office or a Tucson value-add apartment. Life company, bank, CMBS, agency, HUD, and bridge still attach to different stories. The lender-type comparison is the structural version of that sentence, without coupons.
It does not recite third-party deal announcements as if they were this firm's production. Public closings by other companies are their closings. Amounts this firm publishes stay on the transactions page.