The Mortgage Bankers Association's seasonally adjusted index reported a 9.7% drop in total mortgage applications despite decreased mortgage rates.
Mortgage rates moved lower to end 2025 and start 2026, but that did little to pull demand back to the market.
For the week ending January 2, 2026, total mortgage application volume fell 9.7% on a seasonally adjusted basis from two weeks earlier, acco... [2127 chars]