General World News

Mortgage applications climb as rates continue to decline

Mortgage applications increased 11.2% on a seasonally adjusted basis from last week, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending March 7, 2025.

On an unadjusted basis, the index increased 12% compared to last week.

The refinance index saw a 16% uptick from the previous week and was 90% higher than the same week one year ago, largely driven by a dip in the 30-year fixed rate observed by the MBA.

The seasonally adjusted purchase index increased 7% last week while the unadjusted purchase index increased 8% compared with the details ⇒

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