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Wednesday: Existing Home Sales, Beige Book

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

• 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.

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

• 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 Metrics
 
Now
Week
Ago
Goal

Percent fully Vaccinated
66.0%

≥70.0%1

Fully Vaccinated (millions)
219.0

≥2321

New Cases per Day3🚩
37,132
30,293
≤5,0002

Hospitalized3

9,560
9,883
≤3,0002

Deaths per Day3

389
489
≤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.

Hospitalizations and deaths are declining, but new cases are increasing.

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

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