Mortgage rates have fallen from 6.28% just over one week ago to 5.75% today.
Friday:
• At 10:00 AM ET, New Home Sales for May from the Census Bureau. The consensus is for 580 thousand SAAR, down from 591 thousand in April.
• Also, at 10:00 AM, University of Michigan’s Consumer sentiment index (Final for June). The consensus is for a reading of 50.2.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 66.8% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 221.9 | — | ≥2321 | |
| New Cases per Day3 | 97,430 | 103,175 | ≤5,0002 | |
| Hospitalized3🚩 | 24,831 | 24,358 | ≤3,0002 | |
| Deaths per Day3 | 255 | 285 | ≤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.
Average daily deaths bottomed in July 2021 at 214 per day.