US DATA: MBA refis -1.7% and the purchase index was -5.7%, making the
Mtg Bankers Assoc Market Composite -2.4% adjusted in the Aug 19 wk. The
purchase index fell to its lowest level since Dec 1996. The 4-wk mtg mkt
index moving ave was again +6.9% with refise 79.8% of total
applications. The latest ave 30-year fixed mtg was ukp to 4.39%. See the
survey summary on the MNI main wire.