by Calculated Risk on 1/10/2022 08:55:00 PM
From Matthew Graham at Mortgage News Daily: Mortgage Rates Spiking at Fastest Pace in a Long Time
This morning’s additional weakness in the bond market brings the average conventional 30yr fixed scenario closer to 3.625% (as always, rate quotes depend on multiple factors, and the overall range is very wide). [30 year fixed 3.64%]
o At 6:00 AM ET, NFIB Small Business Optimism Index for December.
o At 10:00 AM, Testimony, Fed Chair Jerome Powell, Nomination Hearing, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
On COVID (focus on hospitalizations and deaths):
|Percent fully Vaccinated||62.5%||—||>=70.0%1|
|Fully Vaccinated (millions)||207.7||—||>=2321|
|New Cases per Day3?||674,406||443,099||<=5,0002|
|Deaths per Day3?||1,552||1,181||<=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.
This graph shows the daily (columns) and 7-day average (line) of positive tests reported.