Weekly Unemployment Claims (every Thursday)
Tomorrow only has last week’s unemployment figures scheduled and the 30-year Treasury Bond sale as potential influences on mortgage rates. We will get the weekly unemployment update at 8:30 AM ET. It is expected to show 194,000 new claims for unemployment benefits were filed last week, up from the previous week’s 183,000. Rising claims is a sign of employment sector weakness, meaning the higher the number, the better the news it is for mortgage pricing. While this is only a weekly snapshot that usually has a minimal impact on rates, last Friday’s surprisingly strong monthly Employment report should cause this release to draw a little more attention in the markets than it normally does.