The reality is the rates are on the verge of going back up when you look at the treasury yields and listen to the most recent economic data.

@Susan TanMaybe offer them a rate of 8% (nearly 2x the 10-year Treasury).

$270 billion traffic jam (Bloomberg).Today’s Interest Rate: 6.92%(☝️ .15% from this time last week, 30-yr mortgage)Interest Rates: Will Remain Range Bound, until they Aren’tFollowing the Federal Reserve’s holiday announcement that their restrictive posture in 2024 will become less restrictive, mortgage interest rates (and Treasury yields) dipped a full 1%.

I felt that was a pretty great rate for where the 10-Year Treasury is sitting right now.

To create an equilibrium of ease, T-bills a.k.a Treasury bills, also Treasury Securities can be purchased.

Mortgage rates are nowhere near 4% due to FED rates, treasuries, and MBS currently so unless this is an "Angel Investor" it's not possible to be that low.

Treasury Bond Yields.

It's like saying someone who invests in treasury bonds is dead equity.  

The typical bid-ask spread for investment sales under $3 million stood at around 9% in through the third quarter of 2023.While smaller exchange buyers might accept going-in yields that are below short-term treasuries, larger investors must adapt to a higher cost of capital.

Number 3 they only charged $250 to do the conversion but there was at least .5 pt. added to the market Treasury rate.