Wednesday, October 04, 2017

Thursday: Trade Deficit, Unemployment Claims

by Bill McBride on 10/04/2017 06:32:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Still Holding Near Recent Highs

Mortgage rates were very slightly lower today, but not by enough to have an impact on the actual interest rates being quoted.  Specifically, the "effective rate"--which factors upfront costs into an overall cost of financing is slightly lower due to changes in those upfront costs.  But borrowers will be seeing the same interest rate at the top of the page on today's loan quotes compared to yesterday.  [30YR FIXED - 3.875-4.0%]
Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 265 thousand initial claims, down from 272 thousand the previous week.

• Also at 8:30 AM, Trade Balance report for August from the Census Bureau. The consensus is for the U.S. trade deficit to be at $42.5 billion in August from $43.7 billion in July.