SOFR Swaps
| SOFR Swap Rates | |
|---|---|
| 1 Year | 0.0478% |
| 2 Years | 0.0426% |
| 3 Years | 0.0383% |
| 5 Years | 0.0344% |
| 7 Years | 0.0329% |
| 10 Years | 0.0321% |
| 15 Years | 0.032% |
| 30 Years | 0.0288% |
SOFR Swaps Chart
What is SOFR swap
SOFR swap rate is a swap where a counterparty pays a fixed-rate on an annual, Act/360 basis and receives SOFR, reset daily and paid annually on an Act/360 basis. This rate is a common benchmark for pricing fixed-rate CMBS and other fixed-rate loans.In a plain "vanilla" swap, one party agrees to pay a fixed interest rate, and, in exchange, the receiving party agrees to pay a floating interest rate based on the SOFR—the rate may be higher or lower than SOFR, based on the party's credit rating and interest-rate conditions.