Weekly Unemployment Claims (every Thursday)
Tomorrow morning brings us the release of three economic reports that may influence mortgage rates. The first is last week’s unemployment update at 8:30 AM that is expected to show 850,000 new claims for unemployment benefits were filed last week, down from the previous week’s 870,000 initial filings. Rising claims is a sign that the employment sector is weakening, not getting stronger. Therefore, the higher the number of new flings, the better the news it is for mortgage rates.