Mortgage applications increased 5.4% on a seasonally adjusted basis during the week ending Dec. 6, stemming from a 27% jump in refinance activity, according to a report released Wednesday by the Mortgage Bankers Association (MBA).

This is the latest weekly increase in mortgage applications, following a trend of steady demand increases over the past several weeks. This could represent a glimmer of hope for mortgage lenders heading into 2025. The MBA adjusted last week’s data for the Thanksgiving holiday.

Data at HousingWire‘s Mortgage Rates Center showed an average rate of 6.85% for 30-year conforming loans on details ⇒

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