US DATA: MBA refis +9.0% to its highest since the March 18 wk and the
purchase index was +6.7%, making the Mtg Bankers Assoc Market
Composite +8.2% adj in the May 6 wk. The 4-wk moving ave mkt composite
was +2.9%. The latest 30-yr fixed mtg rate slipped down some more, to
4.67%. An MBA off’l said that despite the recent increases refi apps
“remain more than 50% below levels seen last fall.” See the survey
summary on the MNI main wire.
Featured Videos