Vacancies, Household debts and loans, Q2, Car sales

in Estimated risk per 08/01/2022 21:01:00

Mortgage rates From Matthew Graham of Mortgage News Daily: August started well on weaker economic data

During a Fed press conference last week, Powell reiterated what we thought we already knew about Fed policy and the bond market in general. In particular, the next overall shift will depend on the data. In many ways, this narrative had already begun to play out in July. Now August starts in the same vein with a big drop in manufacturing inflation (via the ISM’s paid prices component) this morning. After that, bonds rose and ended the day at the best levels in recent months. [30 year fixed 5.05%]
added accent

• At 8:00 AM ET: Corelogic House Price Index for June.

• At 10:00 AM ET: Survey of vacancies and staff turnover for June from BLS.

• At 10:00: 2 sq. 2022 Available housing and home ownership from the Census Bureau.

• At 11:00 am: New York Fed: Quarterly report on debts and loans of households for the 2nd quarter.

• All day: Sale of cars for July from BEA. The general consensus is that passenger car sales should be SAAR13.5 million in July, compared to June’s 13.0 million (seasonally adjusted annual rate).

For COVID (focus on hospitalizations and deaths):

The number of hospitalizations has almost quadrupled since the low in April 2022.

COVID metrics
Currently A week
new cases per day2 114 021 127 727 ≤5000one
hospitalized2 34 366 36 781 ≤3000one
Deaths per day2 357 415 ≤50one
onemy goals are to stop daily fasting,
27-day mean for cases currently hospitalized and deaths
🚩 Increase in the number of cases, hospitalizations and deaths per week in an average of 7 days.

✅ Goal with.

COVID-19 Positive tests per dayClick on the graph to enlarge the image.

This graph shows the daily (bars) and 7-day average (line) of reported deaths.

The average daily death rate bottomed out in July 2021 at 214 people per day.