Weekly Unemployment Claims (every Thursday)
Tomorrow has two minor pieces of economic data set for release. First will be last week’s unemployment figures at 8:30 AM ET. They are expected to show that 217,000 new claims for unemployment benefits were filed last week, up from the 213,000 of the previous week. Rising claims is a sign that the employment sector may be weakening, so the higher the number, the better the news it is for mortgage rates. However, this is only a weekly snapshot. That means we need to see a sizable variance from forecasts for the news to directly impact rates.