Mortgage Applications Rose 0.8% in Week Ending July 18

Washington, DC, July 23, 2025-Mortgage applications increased by 0.8% from the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 18, 2025.

The Market Composite Index, which measures mortgage loan application volume, rose 0.8% on a seasonally adjusted basis. On an unadjusted basis, the index increased by 1%. While refinancing activity declined, purchase applications continued to rise, with notable gains compared to last year.

The Refinance Index dropped 3% from the previous week but remained 22% higher than the same week in 2024. The seasonally adjusted Purchase Index increased 3%, and the unadjusted Purchase Index rose by 4%. Compared with the same period last year, purchase activity was also up by 22%.