Mortgage applications decreased 6.6% from last week, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Feb. 14, 2025.

On an unadjusted basis, applications decreased by 4% compared with the previous week.

The refinance share of mortgage activity, which had been strong for the past few weeks, shrank to 38.7% of total applications from 40.2% last week. The refinance index decreased 7% from last week and was 39% higher compared to the same time last year.

The seasonally adjusted purchase index decreased 6% from one week earlier while the unadjusted Purchase details ⇒

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