From Matthew Graham at Mortgage News Daily: Mortgage Rates Hit 4.0% For First Time Since May 2019
Click on graph for larger image.
In case it wasn’t already clear based on the headline, the average is currently up to 4.02%. Keep in mind that is an average among top tier scenarios. It means that some lenders are quoting 3.625% and others are up to 4.375%. Adding any complexity to the scenario would mean a different rate. Also keep in mind that lenders are MUCH more widely stratified than normal, which is often the case when we’ve seen as much volatility as we have so far in 2022. [30 year fixed 4.02%]
emphasis added
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 64.3% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 213.4 | — | ≥2321 | |
| New Cases per Day3 | 215,418 | 376,855 | ≤5,0002 | |
| Hospitalized3 | 99,535 | 125,219 | ≤3,0002 | |
| Deaths per Day3 | 2,313 | 2,458 | ≤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 positive tests reported.
New cases, hospitalizations and deaths are now declining.