From Matthew Graham at Mortgage News Daily: Rates Jump Up To Highest Levels in Nearly a Month
Click on graph for larger image.
… rates moved quite a bit higher today, as far as single days go. The average lender is at least an eighth of a percent (0.125%) higher than they were on Friday. The average conventional 30yr fixed rate is once again back up to at least 5.5% depending on number of mid-day price changes made by any given lender. [30 year fixed 5.50%]
emphasis added
Tuesday:
• At 8:30 AM ET, 8:30 AM: Trade Balance report for April from the Census Bureau. The consensus is the trade deficit to be $89.3 billion. The U.S. trade deficit was at $109.8 Billion in March.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 66.7% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 221.5 | — | ≥2321 | |
| New Cases per Day3 | 98,513 | 106,339 | ≤5,0002 | |
| Hospitalized3 | 20,771 | 21,110 | ≤3,0002 | |
| Deaths per Day3 | 247 | 320 | ≤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. |
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Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.
New cases have quadrupled from the recent low.
Average daily deaths bottomed in July 2021 at 214 per day.