From Matthew Graham at Mortgage News Daily: Rates Edge Up; Deep Dive on Mortgages vs 10yr Treasury and Fed Funds Rate
Mortgage rates moved slightly higher today, but only after moving slightly lower earlier this morning. [30 year fixed 5.98%]
• At 6:00 AM ET, NFIB Small Business Optimism Index for August.
• At 8:30 AM, The Consumer Price Index for August from the BLS. The consensus is for a 0.1% decrease in CPI, and a 0.3% increase in core CPI. The consensus is for CPI to be up 8.1% year-over-year and core CPI to be up 6.1% YoY.
On COVID (focus on hospitalizations and deaths):
AgoGoal New Cases per Day260,18583,434≤5,0001 Hospitalized226,14530,503≤3,0001 Deaths per Day2328394≤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.