by Calculated Risk on 4/25/2022 09:15:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Regain Most of What They Lost Late Last Week

Thursday and Friday weren't great days for the mortgage market last week. ... One business day later, and lenders are closer to territory from the first 3 days of last week. This is roughly an eighth of a percentage point lower than Friday's rates fore most lenders (i.e. 5.375% instead of 5.5%). As always, these rates may not apply to every scenario and the best way to use this data is for the purpose of tracking day-over-day changes. [30 year fixed 5.32%]
emphasis added

Tuesday:
• At 8:30 AM ET, Durable Goods Orders for March from the Census Bureau. The consensus is for a 1.0% increase in durable goods orders.

• At 9:00 AM, S&P/Case-Shiller House Price Index for February. The consensus is for a 18.4% year-over-year increase in the Comp 20 index for February.

• Also at 9:00 AM, FHFA House Price Index for February. This was originally a GSE only repeat sales, however there is also an expanded index.

• At 10:00 AM, New Home Sales for March from the Census Bureau. The consensus is for 762 thousand SAAR, down from 772 thousand in February.

• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for April.
On COVID (focus on hospitalizations and deaths):

COVID Metrics
	Now	Week Ago	Goal
Percent fully Vaccinated	66.1%	---	≥70.0%1
Fully Vaccinated (millions)	219.4	---	≥2321
New Cases per Day3🚩	44,416	36,209	≤5,0002
Hospitalized3	9,518	9,754	≤3,0002
Deaths per Day3	314	362	≤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.

Deaths are declining week-over-week, but new cases are increasing.

Average daily deaths bottomed in July 2021 at 214 per day.