Mortgage demand flatlines at low levels, as mortgage rates hit 4-week high

Mortgage demand holds steady despite four-week high in rates

Despite rising Treasury yields pushing up mortgage rates, buyer demand is staying resilient

Mortgage demand flatlines at low levels, as mortgage rates hit 4-week high

Mortgage demand barely moved last week as interest rates slightly increased. Demand is still better, however, than it was a year ago.

Mortgage demand continues to outpace 2024

Mortgage applications increased less than a full percentage point (0.8%) from the prior week, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending July 18, 2025. On an unadjusted basis, the index increased 1% compared with the previous week. The refinance index decreased 3% from the previous week, but remained 22% higher than the same week one year ago. The refinance share of mor…