Consumer Confidence at levels not seen since the dot-com bust

It’s been quite a while since we last checked in on Consumer Confidence and mortgage interest rates, so let’s take a look at an update to those charts.

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

Consumer Confidence

The overall Consumer Confidence Index currently sits at 127.7, down two percent in a month and up two percent from a year ago. The current levels are higher than any point since late 2000, just as the dot-com bubble was bursting.

At 159.9, the Present Situation Index fell one percent between February and March, and is up eleven percent from a year earlier. The Present Situation Index is currently up 695 percent from its December 2009 low point, and is up sixteen percent from its pre-bust peak in July 2007.

The Expectations Index also declined slightly in March, down three percent from February, and is down from a year earlier by five 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 4.44 percent, and has been climbing steadily since last September. Current interest rates are roughly on par with where they were in August 2011 and still two points below the 6.41 percent average rate during the height of the housing bubble through 2006.

With the Federal Reserve finally raising rates, it is likely that mortgage rates will follow suit later this year. We may finally be past the days of sub-four-percent rates.

Click below for the interactive Consumer Confidence chart in Tableau.

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.