Latest News

Wednesday: Existing Home Sales, Beige Book

by Calculated Risk on 4/19/2022 09:10:00 PM

From Matthew Graham at Mortgage News Daily: Highest Mortgage Rates Since 2009

Today’s dubious distinction is that we’d have to go back to 2009 before seeing rates that were meaningfully higher. [30 year fixed 5.35%]
emphasis added

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

o At 10:00 AM, Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for 5.80 million SAAR, down from 6.02 million.

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

o At 2:00 PM, the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated66.0%—>=70.0%1Fully Vaccinated (millions)219.0—>=2321New Cases per Day3?37,13230,293<=5,0002Hospitalized39,5609,883<=3,0002Deaths per Day3389489<=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.Hospitalizations and deaths are declining, but new cases are increasing.

Average daily deaths bottomed in July 2021 at 214 per day.

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News