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Consumer Confidence Hits 6.5-Year High in June

Posted on June 27, 2014June 27, 2014 by The Tim

Let’s check in on how Consumer Confidence and mortgage interest rates fared during June.

First up, here’s the Consumer Confidence data as of June:

Consumer Confidence

The overall Consumer Confidence Index currently sits at 85.2, up 4 percent in a month, and at its highest point since January 2008.

At 85.1, the Present Situation Index increased 6 percent between May and June, and is up 24 percent from a year earlier. The Present Situation Index is currently up 321 percent from its December 2009 low point, and sits at its highest level since April 2008. The Expectations Index rose in June as well, up 2 percent from May.

Here’s your chart of home mortgage 30-year interest rates via the Federal Reserve:

Mortgage Interest Rates

As of this week, the 30-year mortgage rate sits at 4.14 percent, down almost half a point from the recent high of 4.58% set back in August, roughly flat at the same level for the last month or so. Current interest rates are roughly on par with where they were in August 2011 and nearly two and a half points below the 6.41 percent average rate during the height of the housing bubble through 2006.

Click below for the interactive Consumer Confidence chart (only works in Google Chrome).

You can use the sliders under the interactive chart below to zoom in on the data for a specific period.

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Affordable Home Price Inched Up in May
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