From Matthew Graham at Mortgage News Daily: Mortgage Rates Still Solid Despite Warning Signs
Mortgage rates were sideways to slightly lower today, depending on the lender. … If nothing changes about underlying markets by tomorrow morning, most lenders will likely be slightly worse off. Of course, “worse” is a relative term, because today’s rates are in line with 2-month lows. On the other hand, the overall range has been very narrow over that 2-month time frame. [30YR FIXED – 4.5%]
emphasis added
Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 226 thousand initial claims, up from 215 thousand the previous week.
• Also at 8:30 AM, Trade Balance report for February from the Census Bureau. The consensus is for the U.S. trade deficit to be at $56.8 billion in February from $56.8 billion in January.