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by Calculated Threat on 11/19/2025 07:00:00 AM
From the MBA: Mortgage Purposes Lower in Newest MBA Weekly Survey
Mortgage purposes decreased 5.2 p.c from
one week earlier, based on information from the Mortgage Bankers Affiliation’s (MBA) Weekly Mortgage
Purposes Survey for the week ending November 14, 2025.The Market Composite Index, a measure of mortgage mortgage software quantity, decreased 5.2 p.c on
a seasonally adjusted foundation from one week earlier. On an unadjusted foundation, the Index decreased 7
p.c in contrast with the earlier week. The Refinance Index decreased 7 p.c from the earlier
week and was 125 p.c larger than the identical week one 12 months in the past. The seasonally adjusted Buy
Index decreased 2 p.c from one week earlier. The unadjusted Buy Index decreased 7 p.c
in contrast with the earlier week and was 26 p.c larger than the identical week one 12 months in the past.“Mortgage charges elevated for the third consecutive week, with the 30-year fastened fee inching larger to its
highest stage in 4 weeks at 6.37 p.c,” mentioned Joel Kan, MBA’s Vice President and Deputy Chief
Economist. “Software exercise over the week was decrease, with potential homebuyers shifting to the
sidelines once more, though there was a small enhance in FHA buy purposes. Refinance
purposes decreased as debtors stay delicate to even small will increase in charges at this stage. The
general common mortgage measurement throughout each buy and refinance purposes dipped to its lowest stage since
August of this 12 months, pushed by one other drop within the ARM share.”
…
The typical contract rate of interest for 30-year fixed-rate mortgages with conforming mortgage balances
($806,500 or much less) elevated to six.37 p.c from 6.34 p.c, with factors remaining unchanged at 0.62
(together with the origination price) for 80 p.c loan-to-value ratio (LTV) loans.
emphasis added
Click on on graph for bigger picture.
The primary graph exhibits the MBA mortgage buy index.
In response to the MBA, buy exercise is up 26% year-over-year unadjusted.
Pink is a four-week common (blue is weekly).
The refinance index has elevated from the underside as mortgage charges declined.
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