The Market Composite Index, a measure of mortgage loan application volume, was 1245.7, essentially unchanged, on a seasonally adjusted basis from 1245.4 one week earlier, according to the latest Mortgage Bankers Association weekly mortgage applications survey for the week ending Dec. 26.

This week's results included an adjustment to account for the shortened week due to the Christmas holiday. On an unadjusted basis, the Index decreased 40 percent compared with the previous week, and was up 155 percent compared with the same week one year earlier.