Wednesday, February 10, 2016

Thursday: Unemployment Claims, Fed Chair Janet Yellen

by Bill McBride on 2/10/2016 06:41:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Inch Further Into 1-Year Lows

Mortgage rates barely budged today, but did manage to gain just a bit of ground. That means another 1-year low, technically, although many lenders are quoting the exact some conventional 30yr fixed rates as yesterday. The range is currently between 3.5% and 3.625% with most lenders still at the higher boundary.
• At 8:30 AM ET, the initial weekly unemployment claims report will be released.  The consensus is for 281 thousand initial claims, down from 285 thousand the previous week.

• At 10:00 AM, Testimony by Fed Chair Janet Yellen, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate