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Monday, June 27, 2022

Tuesday: Case-Shiller House Prices

by Calculated Risk on 6/27/2022 09:00:00 PM

Mortgage Rates From Matthew Graham at Mortgage News Daily: Mortgage Rates Moderately Higher to Start The Week

As has been the case many times during the 2022 rate spike, there is a much higher degree of variation between lenders compared to more stable times for rates. The average lender was only moderately higher when it comes to mortgage rate quotes today. Notably, the bond market suggested a bigger jump. The actual jump may have been smaller due to more conservative rate-setting strategies among mortgage lenders on Friday afternoon. [30 year fixed 5.88%]
emphasis added
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for April. The consensus is for a 21.0% year-over-year increase in the Comp 20 index for April.

• At 9:00 AM, FHFA House Price Index for April 2021. This was originally a GSE only repeat sales, however there is also an expanded index.

• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for June.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
Percent fully Vaccinated66.9%---≥70.0%1
Fully Vaccinated (millions)222.1---≥2321
New Cases per Day3🚩100,67498,301≤5,0002
Deaths per Day3🚩290289≤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.

COVID-19 Positive Tests per DayClick on graph for larger image.

This graph shows the daily (columns) and 7-day average (line) of deaths reported.

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