Mortgage applications increased 20.4% from one week earlier on a seasonally adjusted basis as buyers pounced on lower rates, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Feb. 28, 2025.

On an unadjusted basis, applications increased 22% compared with the previous week. The refinance index increased 37% from the previous week and was 83% higher than the same week one year ago.

The seasonally adjusted purchase index increased 9% from last week and, on an unadjusted basis, increased 12% compared with last week and was 2% higher than the same details ⇒

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