US DATA: MBA Refis +22.0% and the purchase index was -0.1%, making
the Mtg Bankers Assoc Market Composite +16.9% adjusted in the week
ended July 13. The 30-yr fixed conforming mtg rate was down to a record
low 3.74%. An MBA off’l said the HARP share of refis is hanging in at
24.0%, the same as earlier recent weeks. See the survey summary on the
MNI main wire.