US DATA: MBA refis were +26.4% to its highest since Aug 8 wk and the
purchase index was +12.3% to its highest since Dec 12 wk, making the
Mtg Bankers Assoc market composite +23.1% in the week ended Jan 13,
rebounding from the week containing New Year’s. The 4-wk moving ave mkt
composite was +5.99% and the latest 30-yr conforming mtg rate was down
to 4.06%. See the survey summary on the MNI main wire.