Fears in the European banking community last week created something of a tantrum in U.S. bond markets, driving yields down and taking mortgage rates along with them. As a result, mortgage application volume rose 2.9 percent on seasonally adjusted basis for the week from the previous week, according to the ... Read More »

Boeing Co (BA.N) is set to win a 2-billion-pound ($2.92 billion) contract from the UK Ministry of Defence (MoD) for new Apache helicopters, the Telegraph reported. The MoD has decided to give Boeing a 50-aircraft contract, including servicing, and the announcement could come as early as July, the newspaper said. ... Read More »