https://ift.tt/3tEHbrz
From Matthew Graham at Mortgage News Daily: Remember Mortgage Rates in the 2’s? They’re Closer to 4% Now
One of the very few welcome byproducts of the pandemic was the pervasive availability of new all-time low mortgage rates. Depending on when you checked in, you were highly likely to see top tier 30yr fixed rates in the 2% range. … The average lender is now up to 3.75% after starting the day at 3.625%. [30 year fixed 3.70%]
emphasis added
Tuesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 8:30 AM, Housing Starts for December. The consensus is for 1.655 million SAAR, down from 1.679 million SAAR.
• During the day, The AIA’s Architecture Billings Index for December (a leading indicator for commercial real estate).
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 63.0% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 209.3 | — | ≥2321 | |
| New Cases per Day3 | 701,277 | 752,342 | ≤5,0002 | |
| Hospitalized3🚩 | 137,384 | 120,397 | ≤3,0002 | |
| Deaths per Day3🚩 | 1,746 | 1,664 | ≤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. |
||||
Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of positive tests reported.
Financial Services
