US DATA: Refinance Index was +23.1% in July 15 wk, MBA says. Market
Composite +15.5%. Purchase Index -0.1%. ‘Ongoing turmoil in the
financial markets primarily due to the sovereign debt crisis in Europe
has brought mortgage rates back to their lowest levels of the year,’ the
report says. 4-wk Mkt Index moving average +0.3%. All seas adjusted.
Latest average 30-yr fixed mortgage down to 4.54% from 4.55% the
previous week.