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Tuesday: Case-Shiller and FHFA House Prices, Richmond Fed Mfg


From Matthew Graham at Mortgage News Daily: MBS RECAP: Bonds Sticking to Uneventful Script
Domestic traders were slightly better buyers despite another run to record highs in stocks. 10yr yields hit the 3pm close down just over 1bp (1.482). MBS were sideways at modestly stronger levels as well. [30 year fixed 3.27%]
emphasis addedTuesday:
• At 9:00 AM ET, FHFA House Price Index for October. This was originally a GSE only repeat sales, however there is also an expanded index. 

• At 9:00 AM, S&P/Case-Shiller House Price Index for October. The consensus is for a 18.5% year-over-year increase in the Composite 20 index for October.

• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for December. This is the last of regional manufacturing surveys for December.

And on COVID:

COVID Metrics  TodayWeek
AgoGoal Percent fully Vaccinated60.9%—≥70.0%1 Fully Vaccinated (millions)202.2—≥2321 New Cases per Day3🚩206,577136,450≤5,0002 Hospitalized356,46661,362≤3,0002 Deaths per Day31,0411,164≤502 1 Minimum to achieve “herd immunity” (estimated between 70% and 85%).
2my goals to stop daily posts,
37-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 positive tests reported.

Final Look at Local Housing Markets in November

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