Latest News

30-Year Mortgage Rates Highest in almost 3 Years

by Calculated Risk on 3/10/2022 09:15:00 PM

From Matthew Graham at Mortgage News Daily: Sorry… Mortgage Rates Definitely Aren’t Still Under 4%

The average lender is now definitively up and over 4.25% for the first time since early 2019. In other words, today’s rates are the highest in almost 3 years. [30 year fixed 4.28%]
emphasis added

Friday:
o At 10:00 AM, University of Michigan’s Consumer sentiment index (Preliminary for March).

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated65.2%—>=70.0%1Fully Vaccinated (millions)216.4—>=2321New Cases per Day337,14652,155<=5,0002Hospitalized326,65538,581<=3,0002Deaths per Day31,1791,572<=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.New cases, hospitalizations and deaths are now declining.

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