US DATA: MBA refis +0.9% and the purchase index was..

US DATA: MBA refis +0.9% and the purchase index was +1.5% in the
week ended May 20, making the Mtg Bankers Assoc. Market Composite +1.1%
adjusted. The survey of weekly mtg apps also showed the 4-wk moving ave
mkt composite +5.2%. The ave 30-yr mtg rate moved up slightly to 4.69%
with refis 66.8% of total apps. See the summary of the survey on the MNI
main wire.