Mortgage Applications Rose 2.2% in Week Ending January 31

Washington, DC, February 5, 2025-Mortgage applications increased 2.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 31, 2025. Last week’s results include an adjustment for the Martin Luther King holiday.

The Market Composite Index, a measure of mortgage loan application volume, increased 2.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 19% compared with the previous week. The Refinance Index increased 12% from the previous week and was 17% higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 4% from one week earlier. The unadjusted Purchase Index increased 15% compared with the previous week and was 0.2% higher than the same week one year ago.