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Mortgage Applications Dip in May amid Refinance Slowdown

Thread starter Hoca
Start date Jun 4, 2025

Hoca

Administrator

Staff member

Jun 4, 2025

Mortgage loan applications declined in May, driven by a drop for refinancing activity. According to the Mortgage Bankers Association (MBA) weekly survey, the Market Composite Index, which measures mortgage application volume, fell 5.5% month-over-month on a seasonally adjusted (SA) basis. Despite the monthly dip, application volume remains 23.7% higher than in May 2024. The average...

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