by Calculated Risk on 6/06/2022 09:00:00 PM

From Matthew Graham at Mortgage News Daily: Rates Jump Up To Highest Levels in Nearly a Month

... rates moved quite a bit higher today, as far as single days go. The average lender is at least an eighth of a percent (0.125%) higher than they were on Friday. The average conventional 30yr fixed rate is once again back up to at least 5.5% depending on number of mid-day price changes made by any given lender. [30 year fixed 5.50%]
emphasis added

Tuesday:
• At 8:30 AM ET, 8:30 AM: Trade Balance report for April from the Census Bureau. The consensus is the trade deficit to be $89.3 billion.  The U.S. trade deficit was at $109.8 Billion in March.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
	Now	Week Ago	Goal
Percent fully Vaccinated	66.7%	---	≥70.0%1
Fully Vaccinated (millions)	221.5	---	≥2321
New Cases per Day3	98,513	106,339	≤5,0002
Hospitalized3	20,771	21,110	≤3,0002
Deaths per Day3	247	320	≤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.

New cases have quadrupled from the recent low.

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