US DATA: MBA refis -0.6% and the purchase index, depressed by the
beginning of higher FHA premiums, -13.6%, making the Mtg Bankers Assoc
Market Composite -5.6% adjusted in the Apr 22 wk. Thke 4-wk moving ave
mkt composite was -2.4%. The latest ave 30-yr fixed mtg rate slipped to
4.80%. refis were 61.6% of total apps. See the survey summary on the MNI
main wire.