Mortgage Hot Topics by Curinos

According to Curinos’ new proprietary application index, refinances increased 15% week over week and decreased 39% in January; the purchase index increased 15% week over week and decreased 33% for January as a whole. January 2025 funded mortgage volume increased 27% YoY and decreased 21% MoM. In the Retail channel, funded volume increased 24% YoY and decreased 24% MoM. The average 30-year conforming retail funded rate in January 2025 was 6.43, 23bps lower than December 2024 and 39bps lower than the same month last year. Purchase rates were 6bps higher MoM and 5bps lower YoY, while Refinance rates were 10bps higher MoM and 18bps lower YoY. Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures.