Where Investor Lending Rates Sit — Late August 2026
August 2026· 818 Capital Partners· 3 min read
The two numbers that matter this month
The 10-year Treasury closed August 26 at 4.65%. The Freddie Mac 30-year conventional average printed 6.65% for the week of August 20 — its second consecutive weekly decline, against a 6.35% year-to-date average.
Those two benchmarks anchor everything in investment-property lending. Long-term DSCR money prices off the Treasury curve plus a credit spread. The conventional average tells you what the owner-occupied market is doing — useful context, even though business-purpose loans live in a different box.
What it means for DSCR pricing
With the 10-year holding in the mid-4s, 30-year DSCR pricing has stayed in a stable band all summer. Our indicative starting rate for a 740+ credit profile on a standard 30-year DSCR loan sits at 6.375% — indicative, not a commitment, and the actual number on your deal moves with leverage, credit band, property type, and prepay structure.
The practical read: the spread between conventional owner-occupied money and cash-flow-qualified investor money remains narrow by historical standards. Qualifying on the rent instead of your tax returns costs less today than it has for most of the past two years.
Bridge and fix-and-flip money is a different animal
Short-term rehab and bridge pricing is driven by project risk, speed, and leverage — not the long bond. Our fix-and-flip baseline holds at 9.95% indicative, with leverage up to 90% of cost and 100% of rehab on qualifying files. When a flip pencils, it pencils at these coupons; the carry on a 6-month hold moves the profit number far less than purchase discipline does.
What we are watching into September
The next FOMC decision lands September 16. Whatever the committee does, remember the transmission: DSCR rates follow the 5- and 10-year Treasuries, which move on expectations well before the Fed acts. Waiting for a cut that the curve has already priced in usually buys nothing.
If a deal works at today's numbers, the stronger play is closing it and refinancing if the curve keeps drifting lower — rate is one lever among several, and structure (points, leverage, prepay) is often worth more than a quarter point.
Run your actual numbers
Estimates are context; your deal is specific. [Run the DSCR calculator](/dscr-loans#form) with your rent and expenses, or [submit the scenario](/apply) and we will price it against the full picture.
Figures as of August 26, 2026. Sources: U.S. Treasury daily yield close; Freddie Mac Primary Mortgage Market Survey, week of August 20, 2026. All 818 Capital rates are indicative starting points at the stated credit tier, subject to completed underwriting; this is not a commitment to lend. 818 Capital Partners · NMLS #2832335 · Equal Housing Lender.
Frequently Asked Questions
What benchmark drives DSCR loan rates?
DSCR loans price off the 5- and 10-year Treasury yields plus a credit spread, not off the Fed funds rate directly. When the 10-year moves, DSCR pricing follows within days.
Are investor loan rates higher than conventional mortgage rates?
Usually, because the loan is underwritten to the property cash flow rather than personal income, and there is no government backing. The gap between a conventional owner-occupied rate and a DSCR rate is the price of qualifying on rent with no tax returns.
Why are fix-and-flip rates less sensitive to Treasury yields?
Short-term rehab money is priced on project risk, speed, and leverage rather than long-bond yields. A 25 bps move in the 10-year barely touches a 12-month bridge coupon.
How do I get an actual rate for my deal?
Run your numbers through the DSCR calculator or submit the scenario. Pricing is indicative until underwriting is complete, and every quote is built on the specific property, leverage, and credit profile.
