US DATA: MBA refis -9.2% and the purchase index was..

US DATA: MBA refis -9.2% and the purchase index was +4.8%, making the
Mtg Bankers Assoc Market Composite -5.2% adjusted in the week ended July
1. The 4-wk mkt composite moving ave was -0.5%. The latest ave 30-yr
fixed mtg was up to 4.69%. See the survey summary on the MNI main wire.

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