Wednesday, July 26, 2017

Thursday: Unemployment Claims, Durable Goods, Q2 Housing Vacancies and Homeownership

by Bill McBride on 7/26/2017 08:25:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Steady to Slightly Lower After Fed

Mortgage rates were steady to slightly lower today, despite fairly substantial movement in underlying bond markets. [30YR FIXED - 4.00%] ... As for today's market motivation, the lion's share of the movement happened after the Fed Announcement.
Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 240 thousand initial claims, up from 233 thousand the previous week.

• Also at 8:30 AM, Durable Goods Orders for June from the Census Bureau. The consensus is for a 3.2% increase in durable goods orders.

• Also at 8:30 AM, Chicago Fed National Activity Index for June. This is a composite index of other data.

• At 10:00 AM, the Q2 Housing Vacancies and Homeownership from the Census Bureau.

• At 11:00 AM: the Kansas City Fed manufacturing survey for July.