Latest News

Tuesday: New Home Sales, Richmond Fed Mfg


From Matthew Graham at Mortgage News Daily: Highest Mortgage Rates in More Than a Month
The average 30yr fixed rate is back in the upper 5% range with some lenders already in the low 6’s. … Rather than view the recent rate spike as the product of one or two individual events, it’s better thought of as a general correction to the overly-aggressive drop in July [30 year fixed 5.72%]
emphasis addedTuesday:
• At 10:00 AM ET, New Home Sales for July from the Census Bureau. The consensus is for 575 thousand SAAR, down from 590 thousand in June.

• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for August.

On COVID (focus on hospitalizations and deaths):

COVID Metrics  NowWeek
AgoGoal New Cases per Day288,063101,009≤5,0001 Hospitalized230,76436,029≤3,0001 Deaths per Day2390443≤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.

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

Final Look at Local Housing Markets in July

Previous article

New Home Sales Decrease Sharply, Record Months of Unsold Inventory Under Construction

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News