Weekly Unemployment Claims (every Thursday)
Tomorrow has two minor pieces of economic data set for release. The first will be last week’s unemployment update at 8:30 AM ET. It is expected to show that 212,000 new claims for unemployment benefits were filed last week, down slightly from the previous week’s 214,000. Because rising claims is a sign of a weakening housing sector, the higher the number in this report, the better the news it is for mortgage rates. That said, since this is only a weekly snapshot, it takes a wide variance from forecasts for the data to directly influence mortgage pricing.