Mortgage Applications Declined 12.7% in Week Ending April 18

Washington, DC, April 23, 2025-Mortgage applications decreased 12.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 18, 2025. 

The Market Composite Index, a measure of mortgage loan application volume, decreased 12.7% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 11% compared with the previous week. The Refinance Index decreased 20% from the previous week and was 43% higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 7% from one week earlier. The unadjusted Purchase Index decreased 6% compared with the previous week and was 6% higher than the same week one year ago.