{"id":29373,"date":"2014-08-29T08:00:00","date_gmt":"2014-08-29T15:00:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=29373"},"modified":"2018-09-26T10:08:53","modified_gmt":"2018-09-26T17:08:53","slug":"consumer-confidence-expectations-dip-slightly-august","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/08\/29\/consumer-confidence-expectations-dip-slightly-august\/","title":{"rendered":"Consumer Confidence Expectations Dip Slightly in August"},"content":{"rendered":"

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

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

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

The overall Consumer Confidence Index currently sits at 92.4, up 2 percent in a month, 13 percent from a year ago, and at its highest point since October 2007.<\/p>\n

At 94.6, the Present Situation Index increased 8 percent between July and August, and is up 33 percent from a year earlier. The Present Situation Index is currently up 368 percent from its December 2009 low point, and sits at its highest level since February 2008, but still down 32 percent from its pre-bust peak in July 2007.<\/p>\n

The Expectations Index fell slightly in August, down 1 percent from July, but up 2 percent from a year earlier.<\/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 was at 4.10 percent, still virtually unchanged since late May. Current interest rates are roughly on par with where they were in August 2011 and nearly two and a half points<\/em> below the 6.41 percent 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