Mortgage Hot Topics by Curinos

According to Curinos’ new proprietary application index, refinances increased 1% week over week and decreased 28% in April; the purchase index increased 6% week over week and decreased 29% for April as a whole. April 2025 funded mortgage volume increased 15% YoY and increased 16% MoM. In the Retail channel, funded volume increased 14% YoY and increased 16% MoM. The average 30-year conforming retail funded rate in April 2025 was 6.61, 8bps lower than March 2025 and 23bps lower than the same month last year. Purchase rates were 7bps lower MoM and 23bps lower YoY, while Refinance rates were 9bps lower MoM and 35bps lower YoY. Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures.