US DATA: MBA refis +0.9% to the highest level since December and the
purchase index was -4.0%, 15.5% below a year earlier, making the Mtg
Bankers Assoc Market Composite -0.7% adjusted in the March 11 wk. The
4-wk moving ave was +4.9% with refis 66.4% of total apps. The ave
30-yr fixed mtg slipped to 4.79%. See the survey summary on the MNI
main wire.