Wednesday , September 18 2019
Home / Calculated Risk / Thursday: Unemployment Claims

Thursday: Unemployment Claims

Summary:
From Matthew Graham at Mortgage News Daily: Mortgage Rates Pop HigherMortgage rates moved higher today, and it had nothing to do with any of the day's events or news headlines. Quite simply put, the bond market (which dictates the rates that can offered by lenders) had already begun to weaken as of yesterday afternoon. Weakness continued overnight as global financial markets dialed back their demand for safe havens. … Safe haven demand has been waxing and waning as the broader market settles in to a new range following the big shake-up in early August. Today was just another minor fluctuation in that regard, but the timing issue (bond market weakness yesterday afternoon followed by more this morning) made for a noticeable adjustment from mortgage lenders. [Most Prevalent Rates 30YR

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Tyler Durden writes More Money Pumping Won’t Make Us Richer

Tyler Durden writes Trump Revokes California’s Ability To Set Fuel Emissions Standards

Tyler Durden writes Stunning Consensus Emerges: Fed May Announce Launch Of QE In Just A Few Hours

Tyler Durden writes Saudis Reveal ‘Evidence’ Attacks “Unquestionably Sponsored” By Iran With Drone & Missile Debris

From Matthew Graham at Mortgage News Daily: Mortgage Rates Pop Higher
Mortgage rates moved higher today, and it had nothing to do with any of the day's events or news headlines. Quite simply put, the bond market (which dictates the rates that can offered by lenders) had already begun to weaken as of yesterday afternoon. Weakness continued overnight as global financial markets dialed back their demand for safe havens. … Safe haven demand has been waxing and waning as the broader market settles in to a new range following the big shake-up in early August. Today was just another minor fluctuation in that regard, but the timing issue (bond market weakness yesterday afternoon followed by more this morning) made for a noticeable adjustment from mortgage lenders. [Most Prevalent Rates 30YR FIXED - 3.5% - 3.625%]
emphasis added
Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 215 thousand initial claims, down from 220 thousand last week.

• At 11:00 AM, the Kansas City Fed manufacturing survey for August.

Leave a Reply

Your email address will not be published. Required fields are marked *