US DATA: MBA refis +6.0% and the purchase index was +5.5%, making the
Mtg Bankers Assoc Market Composite +5.8% adjusted in the Nov. 5 wk. The
4-wk moving ave was -1.9% with refis 81.7% of total apps. The ave 30-yr
fixed mortgage remained at 4.28%. The MBA research chief said, “The
increases in purchase applications we have seen over the past couple of
weeks align with the better than expected news from October’s employment
report and other data indicating some improvement in the economy’s
growth prospects.” See the survey summary on the MNI main wire.