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 234 initial claims down from 242 thousand last week.

• Also, at 8:30 AM, U.S. International Trade in Goods and Services for January from the Census Bureau. The consensus is for a record U.S. trade deficit of $128.3 billion from $98.4 billion in December. Many importers were racing to beat potential tariffs.