Weekly Unemployment Claims (every Thursday)
Tomorrow’s only relevant data is last week’s unemployment figures. They are expected to show that 245,000 new claims for unemployment benefits were filed last week, up 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 and comes at the same time as two very important releases, it likely will have little impact on tomorrow’s mortgage rates.