from Active calculated risk 21/06/2022 21:08:00
From Matthew Graham to Mortgage News Daily: Slightly higher mortgage rates to start the week
Mortgage rates climbed well within the 6% range last week before cooling rapidly following Wednesday’s Fed announcement. The top tier median rate was almost back below 6% by Friday. [30 year fixed 6.07%]
emphasis added
Tuesday:
• At 7:00 am ET, The Mortgage Bankers Association (MBA) will publish the results for the index of applications for the purchase of mortgages.
• At 9:30, Testimony, Fed President Jerome Powell, Semi-annual report on monetary policy to CongressBefore the Banking, Housing and Urban Affairs Committee, United States Senate
During the day, The Hague Architecture billing index for May (a leading indicator for commercial real estate).
On COVID (focus on hospitalizations and deaths):
| COVID metrics | ||||
|---|---|---|---|---|
| Now | Week does |
objective | ||
| Percentage fully vaccinated | 66.8% | — | ≥70.0%1 | |
| Fully vaccinated (millions) | 221.9 | — | ≥2321 | |
| New cases a day3 | 89.102 | 106,368 | ≤5,0002 | |
| Hospitalized3 | 23,992 | 24,066 | ≤3,0002 | |
| Deaths a day3 | 239 | 307 | ≤502 | |
| 1 Minimum to obtain “herd immunity” (estimated between 70% and 85%). 2my goals to stop daily posts, 3Average of 7 days for cases, currently hospitalized and deaths 🚩 Increase in 7-day weekly average for cases, hospitalized and deaths ✅ Objective achieved. |
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Click on the graphic to enlarge the image.
This graph shows the daily mean (columns) and 7-day mean (line) of reported deaths.
Average daily deaths hit a low in July 2021 at 214 per day.
