Mortgage Applications Take A Holiday Dip: MBA's Year-End Rep

Mortgage applications dropped 9.4% in the last week of 2023 despite a decline in interest rates, according to the Mortgage Bankers Association (MBA). The results of the MBA's Weekly Mortgage Applications Survey, released Jan. 3, include adjustments to account for the holidays. On an unadjusted basis, the Market Composite index declined 38% compared with two weeks ago. The holiday-adjusted Refinance Index declined 18% from two weeks ago, and the unadjusted Refinance Index plunged 43% during the s

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