US DATA: MBA refis -3.1% and the purchase index was -0.5%, making the
Mtg Bankers Assoc Market Composite -2.4% adjusted in the wk ended Apr
6. The 4-wk moving ave mkt composite was -2.08%. Refis’s share of mtg
apps was down for the 8th wk, this time to 70.5%. The ave 30-yr fixed
confirming mtg rate slipped to 4.10%. See the survey summary on the MNI
main wire.