Mortgage Hot Topics by Curinos

According to Curinos’ new proprietary application index, refinances increased 36% week over week and increased 2% in February; the purchase index increased 19% week over week and decreased 6% for February as a whole. February 2025 funded mortgage volume increased 3% YoY and decreased 6% MoM. In the Retail channel, funded volume increased 0% YoY and decreased 2% MoM. The average 30-year conforming retail funded rate in February 2025 was 6.81, 12bps higher than January 2025 and 15bps higher than the same month last year. Purchase rates were 11bps higher MoM and 15bps higher YoY, while Refinance rates were 16bps higher MoM and 1bps lower YoY. Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures.