Leading Economic Indicators (LEI) from the Conference Board
May's Leading Economic Indicators (LEI) will finish this week’s monthly reports, late Thursday morning. The Conference Board, who is a New York-based business research group, produces this report. The LEI attempts to predict economic activity over the next three to six months. Good news for mortgage rates would be a decline in this index, but it is expected to show a 0.4% increase from April's reading. This means it is predicting a increase in economic growth over the next several months. Since this report is not considered to be of high importance, I don't see it causing too much movement in rates regardless if it shows a particularly strong or weak reading.