Mortgage applications in the week ended Nov. 11 fell 9.2% from a week earlier as demand fell for both refinances and purchases, according to data from the Mortgage Bankers Association. The average rate on 30-year fixed mortgages has been climbing every day since Mr. Trump was elected, reaching 4.02% on Tuesday. Source: WSJ
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China has threatened to attack Vietnamese bases over gas drilling in the disputed waters of the South China Sea, according to diplomatic sources in Hanoi and the Asian oil industry. Source The Sidney Morning Herald
The incident occurred on Sunday when the two Chinese J-10 warplanes intercepted a US Navy EP-3 reconnaissance plane in international air space west of the Korean Peninsula, Pentagon spokesman Navy Captain Jeff Davis said. Source South China Morning Post
Foreign assets of the Saudi Arabian Monetary Agency (SAMA) and the commercial Saudi banks reached SR1.996 trillion by the end of May, business daily Al-Eqtisadiah reported on Monday quoting the agency’s official figures. According to the figures, SAMA’s net foreign assets were SR1.844 trillion against foreign demands of SR18.462 billion. Source: Al Arabiya