Weekly Unemployment Claims (every Thursday)
Last week’s unemployment figures is tomorrow’s only economic news. They will be released at 8:30 AM ET and are expected to show that 280,000 new claims for unemployment benefits were filed last week, up from the previous week’s total of 277,000. Rising initial claims are a sign of employment sector weakness, so the larger the number of claims, the better the news it is for mortgage rates. Although, because this is only a weekly reading we usually need to see a significant variance from forecasts for it to impact mortgage rates.