Mortgage Applications Down 2.7% in Week Ending October 9

Washington, DC, October 14, 2026—U.S. mortgage application volume fell 2.7% in the week ended October 9 as the 30-year fixed mortgage rate reached 7.50%, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 

Adjustable-rate mortgages accounted for 10.5% of applications, their highest share since October 2025.

The decline was concentrated in applications to purchase homes. MBA’s Purchase Index fell 4.0% to 139.3, following a 2.1% decrease the previous week. Refinancing activity slipped 0.4%, bringing the Refinance Index to 513.5 after a 7.5% drop in the prior period.