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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:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• 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 Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 64.8% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 215.0 | — | ≥2321 | |
| New Cases per Day3 | 78,306 | 145,931 | ≤5,0002 | |
| Hospitalized3 | 80,185 | 107,772 | ≤3,0002 | |
| Deaths per Day3 | 1,597 | 2,228 | ≤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.
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