General World News

Mortgage applications rebounded 20% last week as rates dipped

Mortgage applications jumped 20.0% from the prior week, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications Survey for the week ending April 4, 2025. On an unadjusted basis, the index increased 20% compared with the previous week.

The refinance index increased 35% from the previous week as mortgage rates took a dip. The index was 93% higher than the same week one year ago. The refinance share of mortgage activity increased to 43.6% of total applications from 38.6% the week prior.

The seasonally adjusted purchase index increased 9% from last week. The unadjusted purchase index details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com