US DATA: MBA refis -8.0% and the purchase index -1.0%, making the Mtg
Bankers Association Market Composite -7.1% adjusted in the June 22 week.
An MBA official said refinance volume fell largely due to the fall-off
in refis of FHA loans after borrowers had boosted such refis the week
before to avoid higher premiums. The MBA market composite was -7.1%. The
latest 30-yr conforming mortgage rate was up a basis point to 3.88%. See
the survey summary on the MNI main wire.
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