Mortgage rates were flat to slightly higher today, depending on the lender. The average lender was quoting the same rates as yesterday, but with slightly higher upfront costs (or a lower credit, depending on your scenario). That said, if you could only choose one word to describe the movement, it would be "flat." [30YR FIXED - 4.625%-4.75%]Thursday:
emphasis added
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 220 thousand initial claims, up from 209 thousand the previous week.
• Also at 8:30 AM, Trade Balance report for March from the Census Bureau. The consensus is for the U.S. trade deficit to be at $50.0 billion in March from $57.6 billion in February.
• At 10:00 AM, the ISM non-Manufacturing Index for April. The consensus is for index to decrease to 58.5 from 58.8 in March.