Wednesday, March 29, 2017

Thursday: GDP, Unemployment Claims

by Bill McBride on 3/29/2017 06:03:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Steady, Depending on Lender

Compared to yesterday, today's mortgage rates are a moving target depending on the lender.  Some are better.  Some are worse.  On average, rates are unchanged from yesterday's latest rate sheets.  The variability has to do with yesterday's fairly sharp losses in bond markets (which dictate rates).
...
4.25% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios
emphasis added
Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 247 thousand initial claims, down from 258 thousand the previous week.

• Also at 8:30 AM, Gross Domestic Product, 4th quarter 2016 (third estimate). The consensus is that real GDP increased 2.0% annualized in Q4, up from the second estimate of 1.9%.