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Thursday: Unemployment Claims, Philly Fed Mfg

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From Matthew Graham at Mortgage News Daily: Mortgage Rates at 3-Week Lows

Although today’s rates aren’t appreciably lower than yesterday’s, they’re technically the best we’ve seen since June 28th.  More lenders are quoting top tier conventional 30yr fixed rates of 4.0% instead of 4.125%, and some of the aggressive lenders are back down to 3.875%.

Tuesday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 245 thousand initial claims, down from 247 thousand the previous week.

• Also at 8:30 AM, the Philly Fed manufacturing survey for July. The consensus is for a reading of 23.5, down from 27.6.
Calculated Risk

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