US DATA: MBA refis +17.2% and the purchase index was +12.5%, with
the level the highest in a year, making the Mtg Bankers Assoc Market
Composite +15.5% adjusted in the week ended Mar 4. The 4-wk moving ave
was +2.7%. The ave 30-yr mtg rate was up to 4.93% with refis 65.5% of
total apps. See the survey summary on the MNI main wire.