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Tuesday: Q1 Quarterly Report on Household Debt and Credit


by Calculated Risk on 5/09/2022 09:10:00 PM

From Matthew Graham at Mortgage News Daily: Rates Start High, But Improved Significantly By The Afternoon

2022 has been the year of volatility for mortgage rates with most of the swings resulting in successive runs to long-term highs. Every now and then, however, rates have a good day. Today was one of those days. [30 year fixed 5.52%]
emphasis added

o At 6:00 AM ET, NFIB Small Business Optimism Index for April.

o At 11:00 AM, NY Fed: Q1 Quarterly Report on Household Debt and Credit

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated66.3%—>=70.0%1Fully Vaccinated (millions)220.2—>=2321New Cases per Day3?66,56458,569<=5,0002Hospitalized3?12,46611,823<=3,0002Deaths per Day3323324<=5021 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.New cases have more than doubled from the recent low, and hospitalizations are increasing week-over-week.

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

Stock futures are higher after S&P 500 falls to its lowest level in more than a year

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