Mortgage applications decreased 4.7 percent from one
week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage
Applications Survey for the week ending October 3, 2025.The Market Composite Index, a measure of mortgage loan application volume, decreased 4.7 percent on
a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 5
percent compared with the previous week. The Refinance Index decreased 8 percent from the previous
week and was 18 percent higher than the same week one year ago. The seasonally adjusted Purchase
Index decreased 1 percent from one week earlier. The unadjusted Purchase Index decreased 1 percent
compared with the previous week and was 14 percent higher than the same week one year ago.“With mortgage rates on fixed-rate loans little changed last week, refinance application activity generally
declined, with the exception of a modest increase for FHA refinance applications,” said Mike Fratantoni,
MBA’s SVP and Chief Economist. “Refinance volume remains somewhat elevated relative to levels of a
month ago. Purchase activity declined by about 1 percent for the week but continues to show moderate
growth on an annual basis, and stronger growth for FHA loans, favored by first-time homebuyers.Added Fratantoni, “The ARM share increased to 9.5 percent last week from 8.4 percent the prior week.
Our survey shows 5/1 ARM rates are averaging almost a percentage point below 30-year fixed rates, and
this differential is leading more purchase and refinance applicants to consider ARMs.”
on the road, no graphs this week!