MBS MID-DAY: Improved After Data, Holding Pattern Until Auction

*359k vs 350k estimates
*Last week revised up from 348k to 364k

In the week ending March 24, the advance figure for seasonally adjusted initial claims was 359,000, a decrease of 5,000 from the previous week’s revised figure of 364,000. The 4-week moving average was 365,000, a decrease of 3,500 from the previous week’s revised average of 368,500.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending March 17, a decrease of 0.1 percentage point from the prior week’s revised rate of 2.7 percent.

The advance number for seasonally adjusted insured unemployment during the week ending March 17 was 3,340,000, a decrease of 41,000 from the preceding week’s revised level of 3,381,000. The 4-week moving average was 3,387,750, a decrease of 21,750 from the preceding week’s revised average of 3,409,500.

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/253048.aspx

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