Weekly Unemployment Claims (every Thursday)
Also at 8:30 AM ET will be the release of last week’s unemployment figures. They are expected to reveal 213,000 new claims for benefits were made, up from the previous week’s 210,000 initial filings. Rising claims are a sign of weakness in the employment sector. Therefore, the higher the number tomorrow, the better the news for mortgage rates. It is worth noting that this is just a weekly snapshot and it will take a surprise jump or drop in new claims to have a noticeable influence on mortgage rates.