Mortgage Applications Decrease Amid Mixed Rates
Mortgage applications decreased 1.8% from the previous week, according to the Mortgage Bankers Association's (MBA) weekly survey for the week ending October 10, 2025.
Purchase applications declined for the third consecutive week but remained 20% ahead of last year's pace. On an unadjusted basis, the index decreased 2% compared with the previous week.
FHA Refinance Applications Rise
Federal Housing Administration (FHA) applications saw a strong week, with FHA refinance applications increasing 12%.
“Mortgage rate movements were mixed last week, with the 30-year fixed rate decreasing slightly to 6.42%. Mortgage applications were lower than the week before, as conventional and VA applications saw declines,” said Joel Kan, MBA’s vice president and deputy chief economist.
- Mortgage applications decreased 1.8% from the previous week.
- Purchase applications declined for the third consecutive week.
- FHA refinance applications increased 12%.
Author's summary: Mortgage applications decreased 1.8% amid mixed rates.
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