US DATA: MBA refis -4.6%, the sixth straight weekly..

US DATA: MBA refis -4.6%, the sixth straight weekly decline, and the
purchase index was +3.3%, making the Mtg Bankers Assoc Market Composite
-2.7% adjusted for the week ended Mar 23. Govt related refis down 12.0%
in the week, pulling the refi index to its lowest level since December
and 24.2% lower than the Feb peak. The 4-wk moving ave mkt composite was
-3.40%. The latest ave 30-yr fixed conforming mtg rate edged up again,
to 4.23%. See the survey summary on the MNI main wire.