by Calculated Risk on 1/31/2022 08:03:00 PM
From Matthew Graham at Mortgage News Daily: Mortgage Rates in a Lull After January’s Rapid Rise
… we’re in a holding pattern … As for today itself, most lenders offered just slightly lower rates compared to last Friday, but still well within the range seen last week. [30 year fixed 3.68%]
emphasis added
emphasis added
Tuesday:
o At 8:00 AM ET, Corelogic House Price index for December.
o At 10:00 AM, Construction Spending for December. The consensus is for a 0.6% increase in construction spending.
o Also, at 10:00 AM, Job Openings and Labor Turnover Survey for December from the BLS.
o Also, at 10:00 AM, ISM Manufacturing Index for January. The consensus is for the ISM to be at 57.5, down from 58.8 in December.
On COVID (focus on hospitalizations and deaths):
COVID Metrics
Now
Week
Ago
Goal
Percent fully Vaccinated
63.8%
—
>=70.0%1
Fully Vaccinated (millions)
211.8
—
>=2321
New Cases per Day3
497,296
680,381
<=5,0002
Hospitalized3
126,699
145,610
<=3,0002
Deaths per Day3?
2,234
2,023
<=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.
Now
Week
Ago
Goal
Percent fully Vaccinated
63.8%
—
>=70.0%1
Fully Vaccinated (millions)
211.8
—
>=2321
New Cases per Day3
497,296
680,381
<=5,0002
Hospitalized3
126,699
145,610
<=3,0002
Deaths per Day3?
2,234
2,023
<=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 positive tests reported.
New cases and hospitalizations are now declining.
Unfortunately, deaths are still rising, but well below the previous 7-day average record of 3,421 in January 2021.
