{"id":29822,"date":"2014-11-04T10:00:28","date_gmt":"2014-11-04T18:00:28","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=29822"},"modified":"2018-09-26T10:08:09","modified_gmt":"2018-09-26T17:08:09","slug":"consumer-confidence-hit-seven-year-high-october","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/11\/04\/consumer-confidence-hit-seven-year-high-october\/","title":{"rendered":"Consumer Confidence Hit a Seven-Year High in October"},"content":{"rendered":"

Before the NWMLS data hits this week let’s check in on how Consumer Confidence and mortgage interest rates fared during October.<\/p>\n

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

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

The overall Consumer Confidence Index currently sits at 94.5, up 6 percent in a month and up 31 percent from a year ago.<\/p>\n

At 93.7, the Present Situation Index increased 1 percent between September and October, and is up 29 percent from a year earlier. The Present Situation Index is currently up 364 percent from its December 2009 low point, but still down 32 percent from its pre-bust peak in July 2007.<\/p>\n

The Expectations Index also rose in October, up 10 percent from September, and is up from a year earlier by 32 percent.<\/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 3.98 percent, down slightly from the 4.14% level it has been averaging between late May and early October. Current interest rates are roughly on par with where they were in November 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