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Mortgage demand falls despite lower rates

Mortgage demand falls despite lower rates

U.S. mortgage applications fell last week despite the lowest loan rates in four months, the Mortgage Bankers Association said.

 

Durable goods orders fall unexpectedly

Orders for goods expected to last at least three years fell unexpectedly in August due mainly to a sharp drop in demand for commercial aircraft.

 

GM Recalls About 2,400 Workers

GM Recalls About 2,400 Workers

General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to handle an expected increase in demand and to make up for production lost from a large-scale factory consolidation announced earlier in the year.

The automaker says it will add a third shift at its Fairfax plant in Kansas City, Kan., in January.

 

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