Weekly Unemployment Claims (every Thursday)
Tomorrow also has a minor piece of economic data set for release. We will get weekly unemployment figures at 8:30 AM ET. They are expected to show 220,000 new claims for unemployment benefits were filed last week, down a little from the previous week’s 225,000. Rising claims is a sign of employment sector weakness, so the higher the number, the better the news it is for mortgage rates. However, because this is just a weekly snapshot, we will need to see a large variance from forecasts for the report to affect mortgage rates.