by Calculated Risk on 9/23/2022 08:42:00 PM
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):
|New Cases per Day2||53,376||62,577||≤5,0001|
|Deaths per Day2||356||428||≤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.