MBS MID-DAY: Holding Gains After Morning Volatility

– Claims 382k vs 375k consensus
– 4 week average up to 377,750 from 375,750

– As is typically the case, claims “fell” from the previous week only because the previous week was revised higher.

In the week ending September 8, the advance figure for seasonally adjusted initial claims was 382,000, an increase of 15,000 from the previous week’s revised figure of 367,000. The 4-week moving average was 375,000, an increase of 3,250 from the previous week’s revised average of 371,750.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending September 1, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 1 was 3,283,000, a decrease of 49,000 from the preceding week’s revised level of 3,332,000. The 4-week moving average was 3,316,500, a decrease of 7,500 from the preceding week’s revised average of 3,324,000.

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/275414.aspx

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