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Lower mortgage rates spark refinance, VA applications

Mortgage applications continued to rise last week, up 10.9% from one week earlier. That’s according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending August 8, 2025.

On an unadjusted basis, the index increased 10% compared with the previous week.

The refinance index continued to rise, increasing 23% from the previous week. It was 8% higher than the same week one year ago. The refinance share of mortgage activity increased to 46.5% of total applications from 41.5% last week.

“The 30-year fixed mortgage rate declined to 6.67% last week, which spurred the strongest details ⇒

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