WASHINGTON--The Federal Reserve has made progress in fighting inflation, but high mortgage rates are still distorting the market, MBA Vice President and Deputy Chief Economist Joel Kan said here at the MISMO Fall Summit.

Mortgage applications increased 5.4 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 15, 2023.

Launched in 2022, the CREF Careers Student Fellowship program is an equity-driven initiative established to serve students of diverse identities. Through industry exposure and a career-advancement curriculum, Fellows will receive a one-of-a-kind introduction to the $4.5 trillion industry, its leaders, and other professionals. Click through to meet the 12 students chosen as the 2023 CREF Careers Fellowship Winners.