A weekly snapshot of the rate and lending indicators multifamily investors are watching.
What to Expect
Next FED Meeting (2)
4/28 - 4/29
FED Target Rate
3.5% - 3.75%
Interest Rate Range
4.90% - 5.76%
Multifamily Interest Rates Overview
Last Updated: March 24, 2026
Rates remained relatively stable this week, which may help support underwriting confidence for buyers evaluating acquisitions and refinances. We continue to see capital markets remain a major factor in how investors are pricing risk and return expectations.
Conventional Agency Multifamily - Fixed (1)
Term
Full Leverage
Moderate Leverage
Low Leverage
Low
Midpoint
High
Low
Midpoint
High
Low
Midpoint
High
12-year Fixed
5.56%
5.66%
5.76%
5.36%
5.46%
5.56%
5.26%
5.41%
5.56%
10-year Fixed
5.46%
5.56%
5.66%
5.26%
5.36%
5.46%
5.16%
5.26%
5.36%
7-year Fixed
5.38%
5.48%
5.58%
5.13%
5.23%
5.33%
5.03%
5.13%
5.23%
5-year Fixed
5.25%
5.35%
5.45%
5.00%
5.10%
5.20%
4.90%
5.00%
5.10%
UST
5-Year
3.97%
7-Year
4.17%
10-Year
4.35%
(1) Conventional Agency Multifamily guidance provided by PGIM. This market commentary is for informational or educational purposes. In providing this material, PGIM (i) is not acting as your fiduciary and is not giving advice in a fiduciary capacity and (ii) is not undertaking to provide impartial investment advice as PGIM will receive compensation for its investment management services.
The information contained herein is provided on the basis and subject to the explanations, caveats and warnings and the opinions as well as recommendations herein do not take into account individual client circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments or strategies to particular clients or prospects.
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