Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.Thursday:
• At 8:30 AM ET, Trade Balance report for April from the Census Bureau. The consensus is the trade deficit to be $117.3 billion. The U.S. trade deficit was at $140.5 Billion in March.
• Also at 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for initial claims of 230 thousand, down from 240 thousand last week.