{"id":27907,"date":"2013-12-10T09:00:32","date_gmt":"2013-12-10T17:00:32","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=27907"},"modified":"2013-12-10T11:44:58","modified_gmt":"2013-12-10T19:44:58","slug":"consumer-confidence-expectations-dip-as-rates-rise","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/12\/10\/consumer-confidence-expectations-dip-as-rates-rise\/","title":{"rendered":"Consumer Confidence Expectations Dip as Rates Rise"},"content":{"rendered":"

Let’s check in on how Consumer Confidence and mortgage interest rates fared during November.<\/p>\n

First up, here’s the Consumer Confidence data as of November<\/a>:<\/p>\n

\"Consumer<\/a><\/div>\n

At 72.0, the Present Situation Index decreased 0.8% between October and November, but is up 25.4% from a year earlier. The Present Situation Index is currently up 256% from its December 2009 low point. The Expectations Index had been losing more ground lately. It was down 4.0% from October and down 14.3% from a year ago.<\/p>\n

Here’s your chart of home mortgage 30-year interest rates via the Federal Reserve<\/a>:<\/p>\n

\"Mortgage<\/a><\/div>\n

As of last week, the 30-year mortgage rate sat at 4.46%, up over a full point the November 2012 low of 3.31%. Current interest rates are roughly on par with where they were in June 2011 and, and still nearly two points<\/em> below the 6.41% average rate during the height of the housing bubble through 2006.<\/p>\n

Click below for the interactive Consumer Confidence chart (only works in Google Chrome).<\/em><\/p>\n

You can use the sliders under the interactive chart below to zoom in on the data for a specific period.<\/p>\n