@Jon Abadia I have a 14 unit under contract and have 3 approvals from commercial lenders #1 - 4.25%, 20 yr, 20% down#2 - 4.35%, 20 yr, 25% down, 5 yr readjust - 5 yr treasury plus 3.5%#3 - 4.5%, 20 yr, 25% down, 5 yr readjust - 5 yr treasury plus 3.25%

The 5-year Treasury-indexed adjustable-rate mortgage averaged 2.64%, down 19 basis points from the previous week.

Investors also will remain laser focused on medical advances to fight the coronavirus and the alarming escalation of infections around the country.Weekly Changes:10-year Treasury: Flat 0.00Dow Jones: Fell 200 pointsNASDAQ: Fell 600 points

The 15-year fixed-rate mortgage meanwhile held steady at an average of 2.32%, while the 5-year Treasury-indexed hybrid adjustable-rate mortgage rose one basis point to 2.89%.

I can tell you there are US Treasury I-Bonds available right now, which are paying 9.62% and that money is federally guaranteed, so no risk to consider.  

Its like investing in treasury bonds or CDs, you get a different rate (due to the lesser default risk) than if investing in corporate bonds.

"risk free rate" is usually the T bill or 10 treasury rate, you add risk for anything above that.

This amount is based on the fact that Ben can just find a risk free investment that pays him 3.41% (rate is based on latest 5 year treasury bill rate).Why is this still a good deal for Ben and Jerry?

Most of my commercial lenders tie their rates to the 5yr treasury.

I work in treasury for a top PE firm in Greenwich.