Here Comes Existing Home Sales...

This morning at 10:00 a.m. ET, we'll have new data on existing home sales.

Economists polled by Bloomberg are looking for sales to fall 3.3% month-over-month in September to an annualized rate of 5.3 million (down slightly from 5.48 million in August).

That August figure was the highest level in 6.5 years.

For months now, economists have been closely watching the impact of the run up in mortgage rates on existing and new home sales.