New orders of manufactured goods decreased $1.3 billion or 0.2% from the prior month to $590.4 billion in August, the Commerce Department said today. Shipments of manufactured goods decreased $3.1 billion or 0.5% to $590.1 billion, while inventories increased $1.2 billion or 0.1% to $860.2 billion.
Mortgage rates tick up
The rate for a 30-year fixed-rate mortgage averaged 6.12% this week. The rate for a 15-year fixed-rate mortgage averaged 5.25%.