Weekly Unemployment Claims (every Thursday)
Last week’s unemployment update will give us a little insight into the employment sector. It is expected to show 215,000 new claims for benefits were filed last week, up from the previous week’s 209,000 new filings. The higher the number tomorrow, the better the news for mortgage rates because rising claims is a sign of weakness in the employment sector. If there is a surprise in the inflation reading within the morning’s other report, it will likely prevent this release from having an impact on tomorrow’s mortgage pricing.