Consumer Confidence Numbers Released

The Conference Board Consumer Confidence Index, remained essentially unchanged in September after declining sharply in August. The index data came in at 45.4 which is up slightly from 45.2 in August. In other words, the index is showing that consumer confidence is unchanged, which sounds about right.

Case-Shiller Home Price Index

The widely watched Standard & Poor’s Case-Shiller Home Price Index increased for the fourth consecutive month in July as the index rose 0.9 percent in July. The index data shows that 17 of the 20 metropolitan cities in the index posted gains from the previous month. This also indicates that home prices are currently in a sideways pattern, in the short term at least.

Economic Calendar for Week of September 26, 2011

• Monday – New Home Sales
  
• Tuesday – Consumer Confidence, Dennis Lockhart from the Fed speaks
• Wednesday – Durable Goods Orders
• Thursday – GDP, Jobless Claims, Pending Home Sales Index
• Friday – Consumer Sentiment

Mortgage Rate Update

Mortgage rates have come off their all time record lows of last week. This means that there is still an opportunity to lock in some of the lowest rates in history. There is a much greater chance of rates going up as opposed to going down, so if you are interested in learning about how you can benefit from the current market, we can help.