by Calculated Risk on 5/09/2022 09:10:00 PM
From Matthew Graham at Mortgage News Daily: Rates Start High, But Improved Significantly By The Afternoon
2022 has been the year of volatility for mortgage rates with most of the swings resulting in successive runs to long-term highs. Every now and then, however, rates have a good day. Today was one of those days. [30 year fixed 5.52%]
• At 6:00 AM ET, NFIB Small Business Optimism Index for April.
• At 11:00 AM, NY Fed: Q1 Quarterly Report on Household Debt and Credit
On COVID (focus on hospitalizations and deaths):
|Percent fully Vaccinated||66.3%||—||≥70.0%1|
|Fully Vaccinated (millions)||220.2||—||≥2321|
|New Cases per Day3🚩||66,564||58,569||≤5,0002|
|Deaths per Day3||323||324||≤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.
New cases have more than doubled from the recent low, and hospitalizations are increasing week-over-week.
Average daily deaths bottomed in July 2021 at 214 per day.