Wednesday, December 02, 2020

Thursday: Unemployment Claims, ISM Services

by Calculated Risk on 12/02/2020 09:15:00 PM

From Matthew Graham at MortgageNewsDaily: Mortgage Rates Continue Defying Bond Market Weakness

Although it was the focus of yesterday's discussion, the ability of the mortgage market to hold steady in the face of bond market weakness continues to impress. ... Regardless of the movement, the average lender remains very close to all-time lows and well under 3% for most top tier conventional scenarios.
Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 825,000 initial claims, up from 778,000 last week.

• At 10:00 AM, the ISM Services Index for November.