Currently viewing the category: "Consumer Confidence"

Consumer Confidence Drops, Pulling Mortgage Rates Lower

On July 29, 2010 By

We watch consumer confidence because the readings are presumed to be indicative of the entire economy. High confidence leads to higher spending, higher spending leads to economic growth, economic growth leads to higher mortgage rates.

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Consumer Confidence Surges: Pressure on Chicago Home Loan Rates

On June 2, 2010 By

A recap of yesterday’s weekly Mortgage Rate Predictions: High confidence = good economy = worse mortgage rates.

Well, confidence surged, yielding the highest reading in 34 months. Just think about that, for nearly three years we’ve been looking at monthly readings that have averaged below a 50% reading.

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