Mortgage Applications Rose 11% in Week Ending May 2

Washington, DC, May 7, 2025-Mortgage applications increased 11.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 2, 2025.  

The Market Composite Index, a measure of mortgage loan application volume, increased 11% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 12% compared with the previous week. The Refinance Index increased 11% from the previous week and was 51% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 11% from one week earlier. The unadjusted Purchase Index increased 12% compared with the previous week and was 13% higher than the same week one year ago.