Mortgage Application Inched Up 0.2% in Week Ending Nov. 21

Washington, DC, November 26, 2025-Mortgage applications increased 0.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 21, 2025. 

“Mortgage rates crept higher last week, with the 30-year fixed rate up to 6.4%, its highest level since early October. Despite these slightly higher rates, purchase applications increased over the week and remained at a stronger pace than a year ago, with increases across conventional and government purchase applications. The government purchase index, which includes FHA, VA, and USDA applications, increased 9% and had the strongest week since 2023,” said Joel Kan, MBA vice president and deputy chief economist. “Despite slowing home-price growth and lower mortgage rates, affordability remains a challenge in many markets and government loan programs remain appealing to qualified buyers looking to purchase a home. The average purchase loan size decreased to its lowest level in two months.”