Wednesday, June 28, 2017

Thursday: Unemployment Claims, GDP

by Calculated Risk on 6/28/2017 08:49:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Highest in More Than 2 Weeks

Mortgage rates moved moderately higher again today, as investors continued digesting the possibility of a "taper tantrum" in Europe.
The average lender is once again quoting 4.0% on top tier conventional 30yr fixed scenarios.  Before today (and especially before yesterday), 3.875% was fairly prevalent.
emphasis added
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 239 thousand initial claims, down from 241 thousand the previous week.

• Also at 8:30 AM, Gross Domestic Product, 1st quarter 2017 (Third estimate). The consensus is that real GDP increased 1.2% annualized in Q1, unchanged from the second estimate of 1.2%.

• Early, Reis Q2 2017 Office Survey of rents and vacancy rates.