Mortgage Applications Edged Down Last Week as 30-Year Rises to Nearly 7 PercentĀ
Appraisal Buzz
MAY 28, 2025
Mortgage application volume dipped 1.2% during the week ended May 23, as the average rate for a 30-year, fixed-rate mortgage increased to 6.98%, up from 6.92% the previous week, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. Applications for refinances decreased 7% compared with the previous week but were up 37% compared with the same week one year ago.
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