US DATA: MBA refis -24.6% IN DEC 17 WK — to the lowest level since
the Apr 30 wk — and the purchase index was -2.5%, making the Mtg
Bankers Assoc market composite -18.6% adjusted in the Dec 17 wk. The
4-wk moving ave was -9.8% with refis 72.3% of total apps. The ave 30-yr
mtg rate edged up another basis point to 4.85%. See the survey summary
on the MNI main wire.