Wednesday, August 02, 2017

Thursday: Unemployment Claims, ISM non-Mfg Survey

by Bill McBride on 8/02/2017 07:05:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Steady at Recent Lows

Mortgage rates held steady today, keeping them in line with the best levels in just over a month.  That means the best-qualified borrowers putting more than 20% down are seeing conventional 30yr fixed rates of roughly 4%, depending on the lender.  Some are quoting rates in the 3.75-3.875% range, but points and fees may vary.
Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 244 thousand initial claims, unchanged from 244 thousand the previous week.

• At 10:00 AM, the ISM non-Manufacturing Index for July. The consensus is for index to decrease to 56.9 from 57.4 in June.