Mortgage applications decreased 1.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 31, 2025.
The Market Composite Index, a measure of mortgage loan application volume, decreased 1.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3 percent compared with the previous week. The seasonally adjusted Purchase Index decreased 1 percent from one week earlier. The unadjusted Purchase Index decreased 2 percent compared with the previous week and was 26 percent higher than the same week one year ago.
The Refinance Index decreased 3 percent from the previous week and was 151 percent higher than the same week one year ago.
Mortgage originations are still strong for the 760+ bucket.
Let’s see how California’s Prop 50 (Gavin Newsom’s attempt to give Democrats a majority in the US House of Representatives) works?
Confounded Interest - Anthony B. Sanders 