10-year Treasury
5.00%
−9 bp from a week earlier
As of Oct 23, 2026. U.S. Department of the Treasury, daily par yield curve rates
Rates
The 10-year Treasury was 5.00% on October 23, 2026. Over the 66 business days since July 22, 2026 it ranged from 4.61% (Jul 28, 2026) to 5.31% (Oct 5, 2026).
Latest figures
2-year Treasury
4.69%
−5 bp from a week earlier
As of Oct 23, 2026. U.S. Department of the Treasury, daily par yield curve rates
SOFR (overnight)
3.90%
+1 bp from a week earlier
As of Oct 22, 2026. Federal Reserve Bank of New York
30-year fixed mortgage (residential, for context)
7.32%
−8 bp from a week earlier
As of Oct 22, 2026. Freddie Mac, Primary Mortgage Market Survey
Why these four
Fixed-rate commercial mortgages price as a spread over the Treasury yield that matches their term, so the 10-year (and the 5- and 7-year for shorter terms) sets the base for most permanent loans. Floating-rate bridge and construction loans price over SOFR. Compare SOFR with the 10-year to see how much cheaper floating debt starts out: the latest SOFR is 110 bp under the 10-year. Freddie Mac's 30-year mortgage average is a residential rate; it's here for context.
The last 15 business days
| Date | 2-year | 10-year | 10Y minus 2Y | SOFR |
|---|---|---|---|---|
| Oct 23, 2026 | 4.69 | 5.00 | 31 bp | not yet published |
| Oct 22, 2026 | 4.65 | 4.96 | 31 bp | 3.90 |
| Oct 21, 2026 | 4.81 | 5.13 | 32 bp | 3.88 |
| Oct 20, 2026 | 4.79 | 5.12 | 33 bp | 3.88 |
| Oct 19, 2026 | 4.77 | 5.15 | 38 bp | 3.87 |
| Oct 16, 2026 | 4.74 | 5.09 | 35 bp | 3.88 |
| Oct 15, 2026 | 4.77 | 5.10 | 33 bp | 3.89 |
| Oct 14, 2026 | 4.82 | 5.19 | 37 bp | 3.88 |
| Oct 13, 2026 | 4.79 | 5.21 | 42 bp | 3.89 |
| Oct 9, 2026 | 4.80 | 5.24 | 44 bp | 3.87 |
| Oct 8, 2026 | 4.75 | 5.22 | 47 bp | 3.87 |
| Oct 7, 2026 | 4.77 | 5.28 | 51 bp | 3.88 |
| Oct 6, 2026 | 4.79 | 5.27 | 48 bp | 3.90 |
| Oct 5, 2026 | 4.84 | 5.31 | 47 bp | 3.89 |
| Oct 2, 2026 | 4.83 | 5.28 | 45 bp | 3.88 |
Freddie Mac 30-year mortgage average, last eight weeks
| Week of | 30-year fixed |
|---|---|
| Oct 22, 2026 | 7.32% |
| Oct 15, 2026 | 7.40% |
| Oct 8, 2026 | 7.40% |
| Oct 1, 2026 | 7.28% |
| Sep 24, 2026 | 7.03% |
| Sep 17, 2026 | 6.95% |
| Sep 10, 2026 | 6.76% |
| Sep 3, 2026 | 6.71% |
© 2026 Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org. This site is not affiliated with the New York Fed.
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