MNI DATA IMPACT:US MBA Mkt Composite -0.1%,Refi -1% Jun 28 Wk

     WASHINGTON (MNI) - The Mortgage Bankers Association Wednesday reported a

slight decrease in mortgage activity in the June 28 week, with activity down

0.1% on a small increase in mortgage rates.

     Here are some of the key features of the report:

     - The Refinance Index declined by 1%, while the Purchase Index rose by 1%

in the current week.

     - The 30-year average rate for a 30-year fixed mortgage increased to 4.07%

in the current week from 4.06% in the previous week.

     - MBA said mortgage activity growth continues to be supported by a strong

job market and low mortgage rates. 

     - The unadjusted purchasing index was up 10% from a year earlier.

--MNI Washington Bureau; +1 202 371 2121; email: brooke.migdon@marketnews.com

[TOPICS: MAUDS$,M$U$$$,MK$$$$,M$$MO$]