by Calculated Risk on 3/22/2022 09:27:00 PM

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

• At 8:00 AM, Discussion, Fed Chair Powell, Panel on Emerging Challenges for Central Bank Governors in a Digital World, At the Bank for International Settlements (BIS) Innovation Summit 2022 (Virtual)

• At 10:00 AM, New Home Sales for February from the Census Bureau. The consensus is for 815 thousand SAAR, up from 801 thousand in January.

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

On COVID (focus on hospitalizations and deaths):

COVID Metrics
	Now	Week Ago	Goal
Percent fully Vaccinated	65.4%	---	≥70.0%1
Fully Vaccinated (millions)	217.1	---	≥2321
New Cases per Day3	28,657	31,558	≤5,0002
Hospitalized3	18,203	25,105	≤3,0002
Deaths per Day3	861	1,167	≤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.