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"Mortgage Rates Edging Back Up Toward Long-Term Highs"

by Calculated Risk on 2/22/2022 09:01:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Edging Back Up Toward Long-Term Highs

The average lender is now roughly 0.04 higher than they were on Friday afternoon, but not yet back to the recent multi-year highs seen at the beginning of last week. That said, they’re close enough to those highs that the average borrower won’t be able to see a difference in this afternoon’s loan quote. [30 year fixed 4.12%]
emphasis added

Wednesday:
o At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

o During the day: The AIA’s Architecture Billings Index for January (a leading indicator for commercial real estate).

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated64.8%—>=70.0%1Fully Vaccinated (millions)215.0—>=2321New Cases per Day378,306145,931<=5,0002Hospitalized380,185107,772<=3,0002Deaths per Day31,5972,228<=5021 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 deaths reported.

New cases, hospitalizations and deaths are now declining.
Note: Hospitalizations have not been updated for a week and are certainly lower than in the table.

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