By 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%]
emphasis added
Tuesday:
• 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):
COVID Metrics
Now
Week
Ago
Goal
Percent fully Vaccinated
66.3%
—
≥70.0%1
Fully Vaccinated (millions)
220.2
—
≥2321
New Cases per Day3🚩
66,564
58,569
≤5,0002
Hospitalized3🚩
12,466
11,823
≤3,0002
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.
