Monday, April 04, 2016

Tuesday: Trade Deficit, Job Openings, ISM non-Mfg

by Bill McBride on 4/04/2016 07:12:00 PM

Tuesday:
• Early: Reis Q1 2016 Apartment Survey of rents and vacancy rates.

• At 8:30 AM ET, Trade Balance report for February from the Census Bureau. The consensus is for the U.S. trade deficit to be at $46.2 billion in February from $45.7 billion in January.

• At 10:00 AM, Job Openings and Labor Turnover Survey for February from the BLS. Jobs openings increased in January to 5.541 million from 5.281 million in December. The number of job openings (yellow) were up 11% year-over-year, and Quits were up 1% year-over-year.

• Also at 10:00 AM, the ISM non-Manufacturing Index for March. The consensus is for index to increase to 54.0 from 53.4 in February.

From Matthen Graham at Mortgage News Daily: Mortgage Rates Steady at 6-Week Lows

Mortgage rates stayed steady today, beginning the first full week of April right in line with the lowest levels in roughly 6 weeks, depending on the lender. Most are offering conventional 30yr fixed quotes at 3.625% on top tier scenarios, with a few lenders an eighth of a percent higher or lower.