Mortgage Applications Declined 9.7% in Week Ending January 2

Washington, DC, January 7, 2026-Mortgage applications decreased 9.7% from two weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 2, 2026. The results include an adjustment for the holidays.

The Market Composite Index, a measure of mortgage loan application volume, decreased 9.7% on a seasonally adjusted basis from two weeks earlier. On an unadjusted basis, the Index decreased 28% compared with two weeks ago. The holiday adjusted Refinance Index decreased 14% from two weeks ago and was 133% higher than the same week one year ago. The unadjusted Refinance Index decreased 31% from two weeks ago and was 108% higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 6% from two weeks earlier. The unadjusted Purchase Index decreased 23% compared with two weeks ago and was 10% higher than the same week one year ago.