30-Year Fixed Rate FHA Mortgage Index (OBMMIFHA30YF)

The 30-Year Fixed Rate FHA Mortgage Index represents the average interest rate offered on 30-year fixed-rate mortgages that are insured by the Federal Housing Administration (FHA) in the United States. These mortgages are backed by the FHA, a government agency operating within the U.S. Department of Housing and Urban Development (HUD), and they are specifically designed to help homebuyers with more lenient credit requirements and lower down payment options.