November Economic Reports: Which Reports Will Affect Mortgage Rates
With Thanksgiving over and everyone’s pants a little tighter, we begin our descent into the end of 2011. This week brings us many economic reports as we round out the month of November, especially come Friday. Reports for November’s hourly earnings, average work week, non-farm payrolls and unemployment rate are all due to be released Friday morning and their results will have a major impact on the direction of rates. All of Friday’s reports are estimated to stay the same from October’s numbers, except Non-farm Payrolls which is expected to rise to 110K from the 80K reported in October.
Also important reports to watch this week: ADP National Employment Report and the Chicago PMI both to be released Wednesday, along with the ISM Index on Thursday.
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