Mortgage applications decreased 1.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending November 28, 2025. The results include an adjustment for the Thanksgiving holiday.

On an unadjusted basis, the index decreased 33% compared with the previous week.

The refinance index decreased 4% from the previous week and was 109% higher than the same week one year ago. The refinance share of mortgage activity decreased to 53.0% of total applications from 53.4% the previous week.

The seasonally adjusted purchase index increased 3% from one week earlier. The unadjusted purchase details ⇒

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