Mortgage applications decreased 12.7% from a week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 18, 2025. 

The index decreased 11% on an unadjusted basis compared with the previous week.

The refinance index decreased 20% from the previous week, but was still 43% higher than the same week one year ago. The refinance share of mortgage activity decreased to 37.3% of total applications from 41.3% the previous week.

Joel Kan, MBA’s vice president and deputy chief economist, attributed the decline to the second straight week of climbing rates, details ⇒

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