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Tuesday: New Home Sales, Richmond Fed Mfg

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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

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