US DATA: MBA refis +2.7% and the purchase index also +2.7%, so that made
the Mtg Banker’s Assoc Market Composite, you guessed it, also +2.7
adjusted in the March 18 week. The 4-wk Market Composite moving ave was
+2.5%. The 30-yr ave mtg was up slightly to 4.80% with refis 66.4% of
total applications. See the survey summary on the MNI main wire.