by Risk calculated on 26/09/2022 21:10:00
From Matthew Graham at Mortgage News Daily: Mortgage rates now at 20-year highs
The most recent historical high market for mortgage rates was “14 years”. It was broken so many times in September that we officially declared it boring last Tuesday. Now, less than a week later, the 14-year highs would be more exciting than boring. At midday today, we are officially at 20-year highs. [30 year fixed 6.87%]
added emphasis
Tuesday:
• At 8:30 a.m. ET, Durable Goods Orders for August from the Census Bureau. The consensus is calling for a 0.1% drop in durable goods orders.
• At 9:00 a.m., S&P/Case-Shiller House Price Index for July. The consensus is for a 17.0% year-over-year increase in the Comp 20 index for July.
• Also at 9:00 a.m., FHFA House Price Index for July. This was originally GSE repeat sales only, but there is also an expanded index.
• At 10:00 a.m., Sales of new homes for August from the Census Bureau. The consensus is 500,000 SAAR, down from 511,000 in July.
• Also at 10:00 a.m., the Richmond Fed Manufacturing Survey for September. This is the last of the September regional surveys.
On COVID (focus on hospitalizations and deaths):
| COVID measures | ||||
|---|---|---|---|---|
| Now | The week Since |
Objective | ||
| New cases per day2 | 50,017 | 58,522 | ≤5,0001 | |
| Hospitalized2 | 22,280 | 26,467 | ≤3,0001 | |
| Deaths per day2 | 348 | 391 | ≤501 | |
| 1my goals to stop the daily messages, 27-day average for cases, currently hospitalized and deaths 🚩 Increase in the weekly 7-day average for cases, hospitalizations and deaths ✅ Goal achieved. |
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Click on the graphic to enlarge the image.
This graph shows the daily (columns) and 7-day (row) average of reported deaths.
NOTE: Cases have more than halved and deaths are lagging – so we may soon see average daily deaths in the 200s (good news, but still too high).
The average number of daily deaths bottomed out in July 2021 at 214 per day.