Mortgage Applications Declined 12.7% in Week Ending September 26

Washington, DC, October 1, 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 September 26, 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 13% compared with the previous week. The Refinance Index decreased 21% from the previous week and was 16% higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 1% from one week earlier. The unadjusted Purchase Index decreased 2% compared with the previous week and was 16% higher than the same week one year ago.