Consumer Confidence
Falling Consumer Confidence Helps Drag Mortgage Rates Lower. For Now.
For the second consecutive month, U.S. consumer confidence is plunging. July’s official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high.
Consumer Confidence Hints At Higher Home Prices And Higher Mortgage Rates, Too
According to The Conference Board, economic confidence is as high as it’s been since August 2007 — 4 months before the start of the recession. Americans are optimistic again. It’s good for home prices but bad for mortgage rates.
How Rising Consumer Sentiment Is Linked To Higher Home Prices
Consumer Sentiment has been on the rise since last February and it’s something to which home buyers should pay attention. The affordability of your next home may hinge on consumer confidence.
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