Weekly Unemployment Claims (every Thursday)
Also being posted early tomorrow morning will be last week’s unemployment figures. They are expected to show that 241,000 new claims for benefits were filed, unchanged from the previous week. Ideally, we want to see a large increase in initial claims, indicating employment sector weakness. The higher the number of claims, the better the news it is for mortgage rates. It is worth noting though that this is only a weekly snapshot, so I am not expecting it to have much of an impact on tomorrow’s mortgage pricing.