Weekly Unemployment Claims (every Thursday)
There was no relevant economic data posted this morning. Tomorrow has two releases, but neither are considered to be highly important. The first will be last week’s unemployment figures. They are expected to show that 223,000 new claims for unemployment benefits were filed last week, down from the previous week’s 229.000. Since rising claims is a sign of employment sector weakness, the higher the number the better the news it is for mortgage rates. However, because this is only a weekly update, it will take a wide variance from forecasts for it to directly influence mortgage rates.