Mortgage applications increased 11% from one week earlier amid a decline in rates, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending May 2, 2025.

The index increased 12% on an unadjusted basis compared with the previous week.

The refinance index, which increased 11% from the previous week, was 51% higher than one year ago. The refinance share of mortgage activity decreased to 37.1% of total applications from 37.3% the previous week.

The seasonally adjusted purchase index increased 11% from one week earlier. The unadjusted purchase index increased 12% compared with the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com