March 27th, 2026 6:07 PM by T. Fanning
TGIF!
Mortgage rates kept climbing this week, continuing their upward trend, mostly due to changes in oil prices and a lack of major economic news. New unemployment claims came in at 210,000, right in line with expectations. Overall, that’s much lower than during the early pandemic and similar to the strong job market in 2019. These weekly jobless claims matter because they give a quick snapshot of how the job market is doing.
Looking ahead, people will be watching the conflict in the Middle East, along with what Fed officials say about future interest rates and what the government says about tariffs. This week also brings several important reports, including job openings and consumer confidence on Tuesday, a manufacturing update on Wednesday, and a services report on Friday. The biggest update is Friday’s jobs report, which shows how many jobs were added, the unemployment rate, and how fast wages are growing.
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