US DATA: The Refinance Index increased 21.0% in the..

US DATA: The Refinance Index increased 21.0% in the wk ended Oct.
8, MBA reports. SA Purchase Index -8.5% and Market Composite Index
+14.6%. Average 30Y fixed-rate mortgage 4.21% vs 4.25% the prv
wk. Mkt index 4-wk moving average +3.0%. Refis are 83.1% of total
applications. ‘Refinance application volumes are now close to the
highest level this year. Purchase activity remains generally weak,’ teh
report says. Also, ‘FHA applications fell back to a level closer to the
average seen over the past four months.’