Weekly Unemployment Claims (every Thursday)
Tomorrow has two pieces of economic data set for release. The first will be last week’s unemployment figures at 8:30 AM ET. They are expected to show that 209,000 new claims for unemployment benefits were filed last week, up from 204,000 the previous week. Rising claims is a sign of employment sector weakness, so the higher the number of new claims, the better the news it is for mortgage rates. Although, because this is only a weekly update, it will take a wide variance from forecasts for the data to directly influence mortgage rates.