Mortgage Applications Declined 5.2% in Week Ending November 14

Washington, DC, November 19, 2025-Mortgage applications decreased 5.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 14, 2025. 

The Market Composite Index, a measure of mortgage loan application volume, decreased 5.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 7% compared with the previous week. The Refinance Index decreased 7% from the previous week and was 125% higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 2% from one week earlier. The unadjusted Purchase Index decreased 7% compared with the previous week and was 26% higher than the same week one year ago.