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by Calculated Risk on 8/22/2022 08:36:00 PM
From Matthew Graham at Mortgage News Daily: Highest Mortgage Rates in More Than a Month
The average 30yr fixed rate is back in the upper 5% range with some lenders already in the low 6’s. … Rather than view the recent rate spike as the product of one or two individual events, it’s better thought of as a general correction to the overly-aggressive drop in July [30 year fixed 5.72%]
emphasis added
Tuesday:
• At 10:00 AM ET, New Home Sales for July from the Census Bureau. The consensus is for 575 thousand SAAR, down from 590 thousand in June.
• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for August.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| New Cases per Day2 | 88,063 | 101,009 | ≤5,0001 | |
| Hospitalized2 | 30,764 | 36,029 | ≤3,0001 | |
| Deaths per Day2 | 390 | 443 | ≤501 | |
| 1my goals to stop daily posts, 27-day average for Cases, Currently Hospitalized, and Deaths 🚩 Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths ✅ Goal met. |
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Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.
Average daily deaths bottomed in July 2021 at 214 per day.
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Image and article originally from www.calculatedriskblog.com. Read the original article here.