US DATA: The Refinance Index increased 4.9% in the wk ended Jan 7,
MBA reports. SA Purchase Index -3.7% and Market Composite Index +2.2%.
Average 30Y fixed-rate mortgage 4.78% vs 4.82% the prv wk. Mkt index
4-wk moving average -5.3%. Refis are 72.1% of total applications.