Mortgage rates started 2026 on with a mild uptick, according to the Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate averaged 6.16% as of Jan. 8, up slightly from last week when it averaged 6.15%. A year ago at this time, it...
Mortgage credit availability ended 2025 on a down note, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA). The MCAI dropped by 2.6% to 104.7 in December; the index was benchmarked to 100 in March 2012. The...
MBA Education, the award-winning education division of the Mortgage Bankers Association (MBA), has launched its Mortgage Banking Bound (MBB) program at Louisiana State University (LSU). The program offers a three-credit undergraduate course on residential mortgage...
Mortgage application activity ended 2025 and began 2026 on the downturn, according to data from the Mortgage Bankers Association (MBA) for the two-week period ending Jan. 2. The data includes adjustments for the year-end holidays. The Market Composite Index, the MBA’s...
Lake City, Florida-headquartered First Federal Bank has acquired NOLA Lending Group, the mortgage division of New Orleans-based Fidelity Bank. Under the terms of the agreement, First Federal Bank will purchase NOLA Lending Group assets and will continue to serve...
The Federal Housing Administration (FHFA) has released its Fiscal Year 2025 report on the state of the Mutual Mortgage Insurance Fund (MMI Fund), a $1.6 trillion single-family mortgage portfolio. According to the report, the MMI Fund’s Capital Ratio as of Sept. 30 was...
