Morning Roundup

Good Morning! Today is Friday, July 29. Flooding killed at least eight people in Kentucky. The Biden administration plans to administer Covid boosters that target Omicron in September. JetBlue reached a deal to buy Spirit. The Mortgage Note Reports Earnings Roundup: Some major players in the mortgage industry released their reports this week– check out our roundup of their data. Rates Tank: Mortgage rates plunged by 24 basis points last week, averaging 5.30%. And in other mortgage and housing news… Consumer Spending: Consumers boosted their seasonally adjusted spending by 1.1% in June, up from a revised 0.3% increase in May, the Commerce Department said. Buyer Demand: Since mortgage rates came down from their June high, measures of early demand like online real estate searches and home tours have ticked up…