Mortgage application volume was down 13.2% at the end of last week from two weeks earlier.
Mortgage application volume was down 13.2% at the end of last week from two weeks earlier, according to the Mortgage Bankers Association's seasonally adjusted index. The MBA was closed last week due to the holidays. Demand for refinancing, which is most sensitive to weekly interest rate changes, dropped 16.3% from two weeks earlier and was down 87% from the same period in 2021.
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