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:
• 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.

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.