Mortgage Applications Rose 20.4% in Week Ending February 28

Washington, DC, May 5, 2025–Mortgage applications increased 20.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 28, 2025.

The Market Composite Index, a measure of mortgage loan application volume, increased 20.4% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 22% compared with the previous week. The Refinance Index increased 37% from the previous week and was 83% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 9% from one week earlier. The unadjusted Purchase Index increased 12% compared with the previous week and was 2% higher than the same week one year ago.