Wednesday, April 04, 2018

Thursday: Unemployment Claims, Trade Deficit

by Bill McBride on 4/04/2018 06:40:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Still Solid Despite Warning Signs

Mortgage rates were sideways to slightly lower today, depending on the lender. ... If nothing changes about underlying markets by tomorrow morning, most lenders will likely be slightly worse off. Of course, "worse" is a relative term, because today's rates are in line with 2-month lows. On the other hand, the overall range has been very narrow over that 2-month time frame. [30YR FIXED - 4.5%]
emphasis added
Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 226 thousand initial claims, up from 215 thousand the previous week.

• Also at 8:30 AM, Trade Balance report for February from the Census Bureau. The consensus is for the U.S. trade deficit to be at $56.8 billion in February from $56.8 billion in January.