Weekly Unemployment Claims (every Thursday)
Tomorrow makes up for the light calendar thus far this week with three economic reports for the markets to digest. The first will be last week’s unemployment update at 8:30 AM ET. It is expected to show 600,000 new claims for unemployment benefits were filed last week, up from the previous week’s 576,000. Rising claims is a sign of employment sector weakness. Accordingly, the higher the number of initial filings, the better the news it is for mortgage rates.