US DATA: MBA refis +11.7% and the purchase index +9.5% but an MBA
official said considering the prv wk’s holiday, for two wks apps are
flat and refis are down about 5%. The Mtg Bankers Assoc mkt composite
was +11.3% adjusted. The 4-wk moving ave was +1.0%. The ave 30-yr fixed
mtg was up a basis point to 4.81%. See the survey summary on the MNI
main wire.