Consumer Confidence this month fell to 92.9, below the expected 94.2 and down from the last reading of 100.1. Consumers haven’t felt this hesitant to part with their money in over four years.
The S&P Case-Shiller 20-City Home Price Index rose 4.7% year-over-year, slightly above the expected 4.6%, and two tenths above last month’s 4.5% year-over-year appreciation rate.
Mortgage pricing has trended lower over the last few trading sessions but should start to improve again later this week.
