The Mortgage Bankers Association (MBA) has released its latest Purchase Index figures, revealing a decrease in U.S. mortgage activity. As of November 19, 2025, the index has dropped to 168.7, down from the previous value of 172.7. This decline indicates a contraction in the purchasing activities related to home mortgages.
The downturn in the Purchase Index suggests a cooling in the U.S. housing market, which had been experiencing fluctuating trends over recent months. Analysts are examining potential factors behind this drop, including interest rate adjustments and broader economic uncertainties that may be impacting American consumers' capacity or willingness to invest in new homes.
Housing market observers will be keen to see if this dip marks the beginning of a longer-term trend or if it represents a temporary slowdown. The current economic climate, including inflationary pressures and the Federal Reserve's monetary policy, will undoubtedly continue to be key influencers of housing activity in the coming months. As the market adapts, stakeholders will closely monitor future data releases for further insights into the direction of mortgage purchasing trends in the U.S.
