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Tuesday: Q1 Quarterly Report on Household Debt and Credit

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.

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