US DATA: MBA refis -15.3% and the purchase index the.

US DATA: MBA refis -15.3% and the purchase index -8.7%, making the Mtg
Bankers Assoc Market Composite -12.9% adjustment in the Jan 21 wk. The
4-wk moving ave was -1.0%. The ave 30-yr fixed mtg moved up to 4.80%
with refis down to 70.3% of total apps. See the survey summary on the
MNI main wire.