From Matthew Graham at Mortgage News Daily: Rates Jump Back Up to Match Multi-Year Highs
Click on graph for larger image.
The average mortgage lender was quoting conventional 30yr fixed rates of 5.25% last Monday for top tier scenarios–the highest since late 2018. [30 year fixed 5.25%]
emphasis added
Tuesday:
• 8:30 AM ET, Housing Starts for March. The consensus is for 1.750 million SAAR, down from 1.769 million SAAR in February.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 65.9% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 218.9 | — | ≥2321 | |
| New Cases per Day3🚩 | 35,212 | 29,246 | ≤5,0002 | |
| Hospitalized3 | 8,885 | 9,947 | ≤3,0002 | |
| Deaths per Day3 | 373 | 494 | ≤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. |
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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 are the lowest since early July 2021. Average daily deaths bottomed in July 2021 at 214 per day.