According to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 4, 2025, U.S. mortgage applications jumped 20.0% compared to the previous week.

The Market Composite Index, which measures total mortgage loan application volume, rose 20.0% on a seasonally adjusted basis and also increased 20% on an unadjusted basis.

Refinancing activity saw a substantial boost. The Refinance Index climbed 35% from the prior week and was 93% higher than the same week last year. Meanwhile, the seasonally adjusted Purchase Index rose 9%, and the unadjusted Purchase Index increased 10% week-over-week, marking a 24% year-over-year gain.

 

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