Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for an increase to 232 thousand from 228 thousand last week.

• Also at 8:30 AM, the Philly Fed manufacturing survey for October. The consensus is for a reading of -4.5, up from -9.9.

• At 10:00 AM, Existing Home Sales for September from the National Association of Realtors (NAR). The consensus is for 4.69 million SAAR, down from 4.80 million in August.  Housing economist Tom Lawler expects the NAR to report sales of 4.82 million SAAR.