Weekly Unemployment Claims (every Thursday)
Tomorrow has two minor pieces of economic data, neither of which are expected to draw much attention. First up is last week's unemployment update at 8:30 AM ET. This report is expected to show that 228,000 new claims for unemployment benefits were filed last week, down from the previous week's 233,000. Rising initial claims are a sign of employment sector weakness, so the larger the number of claims, the better the news it is for mortgage rates. Although, because this is only a weekly reading we usually need to see a significant variance from forecasts for it to impact mortgage rates.