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September 4, 2024

US mortgage applications rise as rates fall for 5th straight week

ISTANBUL: US mortgage applications rose last week, as rates declined for the fifth consecutive week, according to a Mortgage Bankers Association (MBA) report released Wednesday.

The market composite index, a measure of mortgage loan application volum…

Brazil’s industrial production contracts 1.4% in July

ISTANBUL: Brazil’s industrial production contracted 1.4% in July, compared to the previous month, according to official data released Wednesday.

The market expectation for the figure was to show a 0.9% decrease.

The June figure, meanwhile, was revis…