Final GDP Q4 2016 and Mortgage Rates

The Final GDP for Q4 2016 came in at 2.1%; just above the estimate of 2.00%.  Also final sales came in a bit stronger at 1.1% and estimates were 1.1%.  Mortgage rates for the morning probably will be similar to yesterdays as fixed rate mortgages  (flat) and adjustable rate mortgages usually don’t move much when data points are only a tad bit stronger; or weaker, than estimates.

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RTRS – US FINAL Q4 GDP DEFLATOR +2.1 PCT (CONS +2.0 PCT), PREV +2.0 PCT

RTRS – US FINAL Q4 GDP +2.1 PCT (CONSENSUS +2.0 PCT), PREV +1.9 PCT; FINAL SALES +1.1 PCT (CONS +1.0 PCT), PREV +0.9 PCT

In other news; jobless claims fell to 258,000 for the week of March 25th down from the previous week of 261,000

RTRS – US JOBLESS CLAIMS FELL TO 258,000 MAR 25 WEEK (CONSENSUS 248,000) FROM 261,000 PRIOR WEEK (PREVIOUS 261,000)