Weekly Unemployment Claims (every Thursday)
Last week’s unemployment figures were released at 8:30 AM ET this morning. They revealed that 234,000 new claims for unemployment benefits were made last week, rising slightly from the previous week’s revised 233,000. Analysts were expecting to see 238,000 initial filings, so while an increase is the right direction for mortgage rates, it still fell short of forecasts. Therefore, we should consider the data slightly negative to neutral for mortgage shoppers.