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Mortgage demand drops nearly 10% to end 2025, despite lower interest rates - CNBC

The Mortgage Bankers Association's seasonally adjusted index reported a 9.7% drop in total mortgage applications despite decreased mortgage rates.

By:Diana Olick
Source:CNBC
Published:
Mortgage demand drops nearly 10% to end 2025, despite lower interest rates - CNBC
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 s… [+2192 chars]

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