Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
Stocks in Asia Pacific traded higher on Friday morning, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary policy...Asia Marketsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
See which stocks are posting big moves after the bell on July 18.Market Insiderread more
House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
Mortgage applications jumped sharply last week, as a weaker-than-expected December employment report sent interest rates lower.
Total application volume on a seasonally adjusted basis rose 11.9 percent on the week, according to the Mortgage Bankers Association. Applications to refinance rose 11 percent and applications to purchase a home increased 12 percent, both seasonally adjusted.
(Read more: Mortgage refinances bounce back as rates settle)
The average contract rate for 30-year fixed mortgages with conforming loan balances ($417,000 or less) dropped to 4.66 percent from 4.72 percent. Rates had been rising after the Federal Reserve announced that it would decrease its purchases of mortgage-backed bonds as part of its strategy to "taper" infusions into the economy.
"The drop in rates was large enough to trigger a pickup in refinance volume," noted Michael Fratantoni, the association's chief economist. "The increase in purchase volume is more likely reflecting an increase coming out of the holidays, beyond what our seasonal adjustment model anticipated."
Fratantoni is quick to highlight that despite this increase, purchase applications are only back to last November's levels and are still 10 percent below where they were at this time last year. Applications to refinance are down over 65 percent from a year ago.
(Read more: Mortgage rates get a break on fees)
The unanticipated rise in purchase applications could be a signal of a strong spring season ahead, now that the holidays are over. Real estate agents surveyed by Credit Suisse, however, are still reporting weak buyer traffic. Mortgage bankers have been concerned that new mortgage rules that went into effect last Friday will knock some potential borrowers out of the market.
Lending had actually loosened slightly in December, before the new rules went into effect.
"2013 closed with the loosest credit requirements of the year," said Jonathan Corr, president of Ellie Mae, a mortgage software and data company, in a report released Wednesday. "The average FICO score for all closed loans last month was 727, 11 points below the 2013 average and 21 points lower than December 2012. "
Last month, 31 percent of closed loans had FICO scores below 700, compared with 21 percent in December 2012, according to the report.
(Read more: New mortgage rules may favor the wealthy)
Looking at a daily rate monitor from Mortgage News Daily, the average rate on the 30-year fixed began its slide Friday, after the release of the underwhelming December jobs report from the Labor Department. It fell from 4.62 percent Thursday to 4.52 percent by the end of the day Friday. By Monday, it was at 4.47 percent, but then came up again Tuesday to 4.50 percent.
—By CNBC's Diana Olick. Follow her on Twitter @Diana_Olick.
Questions? Comments? Facebook.com/DianaOlickCNBC.