US DATA: MBA refis about -8% and the purchase index approx -1% (with
the MBA supplying only approximations this wk) making the Mtg Bankers
Assoc Market Composite -6.7% adjusted in the week ended June 29. The
HARP share of refis has been 24% the past two weeks vs 20% 3 wks ago.
The ave 30-yr conforming fixed mtg went down to 3.86%. See the survey
summary on the MNI main wire.