• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a increase to 715 thousand from 712 thousand last week.
• Also at 8:30 AM, the Philly Fed manufacturing survey for March. The consensus is for a reading of 24.5, up from 23.1.
Click on graph for larger image.This graph from MortgageNewsDaily shows the average 30 year fixed rate mortgage rates over the last 10 years.
Mortgage rates at 3.40% are essentially back to the lows of 2012 and 2016.