US DATA: MBA refis +11.2% and the purchase index was +2.1%, making the
Mtg Bankers Assoc Market Composite +9.3% adjusted in the week ended
Sept 23. The 4-wk mortgage mkt moving ave was +1.96% with refis up to
797% of total applications. The average loan size for a purchase was
$212,700 in August and that month’s ave refi was $241,300, up from
$209,200 in July. The ave rate for a 30-yr fixed mtg under the
conforming loan limit of $417.5K was 4.25%. See the survey summary on
the MNI main wire.