Thursday and Friday weren’t great days for the mortgage market last week. … One business day later, and lenders are closer to territory from the first 3 days of last week. This is roughly an eighth of a percentage point lower than Friday’s rates fore most lenders (i.e. 5.375% instead of 5.5%). As always, these rates may not apply to every scenario and the best way to use this data is for the purpose of tracking day-over-day changes. [30 year fixed 5.32%]
• At 8:30 AM ET, Durable Goods Orders for March from the Census Bureau. The consensus is for a 1.0% increase in durable goods orders.
• At 9:00 AM, S&P/Case-Shiller House Price Index for February. The consensus is for a 18.4% year-over-year increase in the Comp 20 index for February.
• Also at 9:00 AM, FHFA House Price Index for February. This was originally a GSE only repeat sales, however there is also an expanded index.
• At 10:00 AM, New Home Sales for March from the Census Bureau. The consensus is for 762 thousand SAAR, down from 772 thousand in February.
• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for April.
On COVID (focus on hospitalizations and deaths):
|Percent fully Vaccinated||66.1%||—||≥70.0%1|
|Fully Vaccinated (millions)||219.4||—||≥2321|
|New Cases per Day3🚩||44,416||36,209||≤5,0002|
|Deaths per Day3||314||362||≤502|
|1 Minimum to achieve “herd immunity” (estimated between 70% and 85%).
2my goals to stop daily posts,
37-day average for Cases, Currently Hospitalized, and Deaths
🚩 Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths
✅ Goal met.
Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.
Deaths are declining week-over-week, but new cases are increasing.
Average daily deaths bottomed in July 2021 at 214 per day.