#mortgage-bankers-association

#mortgage-bankers-association

The average 30-year fixed mortgage rate sits at 6.19%, down from 6.54% a year ago. While that decline represents some welcome relief for homebuyers, economists at Fannie Mae and the Mortgage Bankers Association (MBA) believe most of the short-term mortgage rate relief is already behind us. Both Fannie Mae and the MBA released 2026 forecasts this month showing not much change from here.

Bunting stated that the likelihood of federal enforcement actions targeting joint ventures is very low, with regulatory changes being a possibility due to advocacy from major associations.

Toohig highlighted the opportunity for loan officers to originate more HELOCs, despite lower profits compared to first-lien mortgages, as homeowners seek to access their equity.