Consumer Confidence Dipped in September

This is a couple weeks late, but let’s check in on how Consumer Confidence and mortgage interest rates fared during September.

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

Consumer Confidence

The overall Consumer Confidence Index currently sits at 86.0, down 8 percent in a month but up 7 percent from a year ago.

At 89.4, the Present Situation Index decreased 5 percent between August and September, and is up 22 percent from a year earlier. The Present Situation Index is currently up 343 percent from its December 2009 low point, but still down 35 percent from its pre-bust peak in July 2007.

The Expectations Index also fell in September, down 10 percent from August, and is also down from a year earlier by 1 percent.

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

Mortgage Interest Rates

As of last week, the 30-year mortgage rate was at 4.12 percent, the same basic level it has been holding at relatively steadily since late May. 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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About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.

2 comments:

  1. 1

    Last September Was a Better Month

    This October with Ebola and its horrifying twin, the bear stock market….has created a new Halloween costume craze this month, Hazmat survival wear…

    Let’s see what it does to Seattle consumers this month [you can tell how the economy is going by the traffic amounts on the roads you encounter compared to like time periods before]. I’ve noticed some declines [quite big too] and other days about the same.

    September had the back to school sales, that helped some.

  2. 2

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