Mortgage rates increase for 10th consecutive week, highest in over 20 years

US mortgage rates increased for the 10th consecutive week as of the week ending October 21, reaching the highest level they have been for over 20 years, the Mortgage Bankers Association (MBA) reports. Mortgage applications for the week ending October 21 also decreased by 1.7 percent from a week earlier.

Russia notifies US of intention to conduct annual nuclear drill

Washington confirmed Tuesday that Russia has notified the US of its intention to carry out its annual nuclear force exercises, Euronews reports. Russia is obliged under the New START Treaty to give advance notice of nuclear missile launch drills.

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