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. According to The Conference Board, July’s figures are...

Consumer Confidence Hints At Higher Home Prices And Higher Mortgage Rates, Too

The Consumer Confidence Index is rising, a potentially double-edged sword for residents of Gig Harbor and for Americans, in general. 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...