Housing Wire: Financial News For The Mortgage MarketBy Jon Prior
Consumer confidence rose in April after losing ground the month before, according to the Conference Board survey conducted by the Nielsen Company.
The board’s index increased to 65.4 in April up from 63.8 in March. While the increase does mark an improvement, it makes up only a piece of last months’ fall from a 72 index score for February.
The latest data show consumer’s short-term outlook improved slightly this month, easing the uncertainty seen in March. Even expectations for inflation, which spiked last month, retreated in April.
“Although confidence remains weak, consumers’ assessment of current conditions gained ground for the seventh straight month, a sign that the economic recovery continues,” said Lynn Franco, director of the Conference Board consumer research center.
To read the complete article: CLICK HERE
For more information on financial news and home mortgages feel free to contact one of the Beverly-Hanks Mortgage Service loan officers. Each officer is exceptionally well qualified to help you interpret financial news such as consumer confidence and its impact on the mortgage markets.