Hello, XPX! In case you missed it, the ten year treasury is currently at 1.664%, which is up from a low of 51 bps back in August. Like many banks, we price our longer term debt based on the 10-year, resulting in higher rates on new deals. We offer a 60-day rate lock on business loans, and commercial mortgages, and I can create a terms sheet in 48 hours, so do please let me know if I can help any clients who are on the fence about a major acquisition and have lending need > $1MM.
michael.a.metz@suntrust.com
Thank you!
CNBC Ten Year Treasury Chart