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From Matthew Graham at MortgageNewsDaily: Hits Keep Coming For Mortgage Market (The Bad Kind)The positive close on a volatile Fed day offered false hope for rates–a fact that was laid bare with Thursday’s massive sell-off. Now on Friday, more false hope as another massive overnight sell-off gave way to a full recovery by 9:20am. Since then, however, it’s been all sellers.
In other words, bond tanked again. On COVID (focus on hospitalizations and deaths):
COVID Metrics NowWeek
AgoGoal New Cases per Day253,37662,577≤5,0001 Hospitalized224,76427,762≤3,0001 Deaths per Day2356428≤501 1my goals to stop daily posts,
27-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.
AgoGoal New Cases per Day253,37662,577≤5,0001 Hospitalized224,76427,762≤3,0001 Deaths per Day2356428≤501 1my goals to stop daily posts,
27-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.
NOTE: Cases have declined by more than half, and deaths lag cases – so we might see average daily deaths in the 200s soon (good news, but still too high).
Average daily deaths bottomed in July 2021 at 214 per day.
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