by Calculated risk on 9/12/2022 08:44:00 PM
From Matthew Graham in the Daily Mortgage News: Rising Rates; Deep Dive into Mortgages vs. 10-Year Treasury Rates and Federal Funds
Mortgage rates have moved slightly higher today, but only after a slight dip earlier this morning. [30 year fixed 5.98%]
• 6:00 a.m. ET, NFIB Small Business Optimism Index for the month of August.
• 8:30 am Consumer Price Index for the month of August from BLS. The consensus is for a 0.1% decrease in the CPI and a 0.3% increase in the core CPI. The consensus is for the CPI to rise 8.1% y/y and core CPI to rise 6.1% y/y.
On COVID (focus on hospitalization and mortality):
|New cases per day2||60185||83,434||50001|
|in the hospital2||26145||30503||≤ 30001|
|1My goals are to stop daily posts,
27 days average for cases, current patients, and deaths
🚩 An average increase of 7 days per week in cases, hospital stays, and deaths
✅ The goal has been achieved.
Click on the chart for a larger picture.
This graph shows the daily average (the bars) and the 7-day average (the line) of reported deaths.
Average daily deaths fell to the lowest level in July 2021 at 214 cases per day.