Mortgage applications decreased 5.1% from a week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 16, 2025.

On an unadjusted basis, the index decreased 5% compared with the previous week.

The refinance index also decreased 5% from the previous week and was 27% higher than the same week one year ago. The refinance share of mortgage activity increased to 36.6% of total applications from 36.4% the previous week.

The adjustable-rate mortgage (ARM) share of activity decreased to 7.1% of total applications. By product, the FHA share of details ⇒

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