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Category Archives: Consumer Confidence
Is This Market ‘Bottom’ a True One That Will Stick?
From Friday’s DSNews.com, written by Esther Cho: “During a CoreLogic economic webinar Thursday, the company’s chief economist, Mark Fleming, Ph.D., was asked if the housing market has hit bottom and will it stick, as reports seem to be speculating. Apparently, the market … Continue reading
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. Continue reading
Posted in Consumer Confidence
Tagged Conference Board, Confidence Index, Mortgage Rates
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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. Continue reading