US DATA: MBA refis -0.7% in Dec 10 wk and the index..

US DATA: MBA refis -0.7% in Dec 10 wk and the purchase index was -5.0%,
making the Mtg Bankers Assoc Market Composite -2.3% adjusted in the week
ended Dec 10. The 4-wk moving ave was -4.7% with refis 76.7% of total
apps. The ave 30-yr mtg was up to 4.84%. See the survey summary on the
MNI main wire.