US DATA: MBA refis -15.3% and the purchase index was -0.8% which is
-18.2% vs a year earlier — making the Mtg Bankers Assoc Market
Composite -11.7% SA in the week ended Nov 25. The 4-wk mtg mkt index
moving ave was -3.29%. The 30-yr ave mtg rate was down to 4.21% with
refis 73.9% of total apps. See the survey summary on the MNI main wire.