Sep. 3, 2026
10-Year U.S. Treasury
4.77%Benchmark financing backdrop—not an MHP cap rate or mortgage quote.
Federal Reserve H.15Rhino MHP Valuation Pulse · September 2026
The financing backdrop owners should understand—without pretending it is a park valuation.
This pulse tracks public signals that can influence manufactured-housing valuation conversations. It does not publish a synthetic national MHP cap rate, does not replace property-level comparables, and does not forecast what a specific buyer will pay.
Sep. 3, 2026
5-Year U.S. Treasury
4.52%Useful context for debt markets; property financing still depends on lender, term, leverage, and credit.
Federal Reserve H.15Reported Feb. 4, 2026
Fannie Mae 2025 Manufactured Housing Financing
$1.9BFannie reported this segment up 49.4% year over year within its 2025 multifamily production.
Fannie MaeApr. 30, 2026 update
Freddie Mac MHC underwriting
ActiveFreddie identifies Manufactured Housing Communities as a specialized underwriting area and described underwriting/IO-structure updates.
Freddie Mac MultifamilyRhino interpretation
What these signals can change.
Benchmark yields and agency liquidity influence financing conditions, buyer debt sizing, and required returns. They do not mechanically convert into a park cap rate.
Debt sizing
Higher borrowing costs can reduce proceeds or require more equity for the same property cash flow.
Buyer return requirements
Changes in benchmark yields can affect the return spread investors expect, but risk and market still matter.
Seller financing
When conventional debt is constrained, note structure can become more important to price and execution.
Certainty of close
A well-documented property can finance more predictably than an otherwise similar park with unresolved utility, title, or infrastructure questions.
Editorial standard
Public data: The figures above are tied to named public sources and specific dates.
Rhino interpretation: Valuation implications are clearly separated from the source data and should be treated as analysis, not a market quote.
Property value: A real review still depends on normalized NOI, property condition, market evidence, financing, and owner-specific facts.
Public market context is only the backdrop
