Twelve months of 30-year rates at the big three retail banks, four quarters of forward consensus, and where Silt's best DSCR tier sits against them. Investor money should be priced next to everyone else's.
Three inputs drive nearly all of the forward curve. None of them are the Fed's headline rate on its own.
Forecasts are consensus estimates, not commitments to lend. Your quote is priced off today's tier sheet and holds from signed term sheet through closing.