Mortgage Applications Slump to Lowest Level Seen Since May — RISMedia
By: Claudia Larsen | Published: 2025-07-30 19:17:00 | Source: www.rismedia.com
Little movement in mortgage rates and interest rates via the Federal Reserve have led to a downturn in mortgage applications, according to the latest data.
Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 25, 2025 found that mortgage applications decreased 3.8% from one week earlier. On an unadjusted basis, applications decreased 4% compared with the previous week.
Applications are now at the “lowest level since May,” as stated by MBA’s Vice President and Deputy Chief Economist Joel Kan.
“There is still plenty of uncertainty surrounding the economy and job market, which is weighing on prospective homebuyers’ decisions,” he continued.
The seasonally adjusted Purchase Index decreased 6% from…
