Mortgage rates moved moderately lower today, as financial markets positioned themselves for an important announcement from the European Central Bank (ECB) tomorrow regarding the possibility of tapering its asset purchases.Thursday:
...
4.125% remains the most prevalent conventional 30yr fixed rate on top tier scenarios with 4.25% not too far behind. 4.0% is a distant third. Today's rates are most similar to those seen on December 2nd. Things could change in a big way depending on what the ECB says tomorrow, for better or worse.
emphasis added
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 255 thousand initial claims, down from 268 thousand the previous week.
• At 10:00 AM, The Q3 Quarterly Services Report from the Census Bureau.
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