Mortgage Application Volume Slides as Interest Rates Climb to One-Year Highs

By Keith Griffith · Realtor.com · 2026-08-05

Mortgage Application Volume Slides as Interest Rates Climb to One-Year Highs

Prospective homebuyers and owners are retreating from the market as borrowing costs reach levels not seen in twelve months. According to Realtor.com, the Mortgage Bankers Association recorded a 2.9% drop in total loan activity following a Federal Reserve meeting where several off

Prospective homebuyers and owners are retreating from the market as borrowing costs reach levels not seen in twelve months. According to Realtor.com, the Mortgage Bankers Association recorded a 2.9% drop in total loan activity following a Federal Reserve meeting where several off