Higher Rates Sapped Mortgage Demand, Surprising No One
By: Mortgage News Daily | Published: 2026-10-02 20:09:00 | Source: www.mortgagenewsdaily.com
Mortgage demand shocked no one by declining last week as mortgage rates climbed to their highest level in nearly three years. The Mortgage Bankers Association (MBA) reported a 6% drop in total mortgage application volume for the week ending September 25.
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Both sides of the market moved lower, with the seasonally adjusted Purchase Index falling 4% and refinance applications…
