Weekly Unemployment Claims (every Thursday)
Tomorrow has three pieces of economic data that may affect mortgage rates, but none of them are considered to be highly important. The first will come at 8:30 AM ET when last week’s unemployment figures are released. They are expected to show that 240,000 new claims for unemployment benefits were filed last week, down from the previous week’s 244,000 initial claims. Since rising claims hints at employment sector weakness, the higher the number the better the news it is for mortgage rates. However, because this is only a weekly report, it likely will have little influence on tomorrow’s mortgage rates unless it shows a significant variance.