Lower mortgage rates drove a 2.7% increase in mortgage applications from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 27, 2025.

On an unadjusted basis, the index increased 13% compared with the previous week. Last week’s results included an adjustment for the Juneteenth holiday.

What stood out from the end of June data was the refinance index increasing 7% from the previous week and coming in 40% higher than the same week one year ago. The refinance share of mortgage activity increased to 40.1% of total details ⇒

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