Wednesday, September 02, 2015

Thursday: Trade Deficit, Unemployment Claims, ISM non-mfg

by Bill McBride on 9/02/2015 07:07:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Still Waiting for Bigger News

Mortgage rates were almost flat again today. Most lenders were just a hair higher in costs vs yesterday. The most prevalent conventional 30yr fixed quote remains 4.0% for top tier scenarios, but 3.875% is still available.
Mortgage rates are mostly moving sideways.

• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 273 thousand initial claims, up from 271 thousand the previous week.

• Also at 8:30 AM, Trade Balance report for July from the Census Bureau. The consensus is for the U.S. trade deficit to be at $42.9 billion in July from $42.8 billion in June.

• At 10:00 AM, the ISM non-Manufacturing Index for August. The consensus is for index to decrease to 58.5 from 60.3 in July.