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Wednesday: Existing Home Sales, Beige Book

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by Calculated Risk on 4/19/2022 09:10:00 PM

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

o 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.

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

o 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 MetricsNowWeek
AgoGoalPercent fully Vaccinated66.0%—>=70.0%1Fully Vaccinated (millions)219.0—>=2321New Cases per Day3?37,13230,293<=5,0002Hospitalized39,5609,883<=3,0002Deaths per Day3389489<=5021 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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