Sign in to comment!

Menu
Home

Economy

US consumer confidence falls to 82.3 in April, but Americans expect rebound to continue

U.S. consumer confidence fell in April over concerns about hiring and business conditions, even though many people foresee a strengthening economy in the months ahead.

The Conference Board says its confidence index dropped to 82.3 from a March reading of 83.9. Despite the decline, consumer sentiment for the past two months has been at its strongest levels since January 2008, when the Great Recession was just beginning.

Conference Board economist Lynn Franco says that consumers became a bit more doubtful about current economic conditions but that their outlook for growth held steady.

Consumer confidence is closely watched because consumer spending accounts for about 70 percent of the U.S. economy.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.78% dw 3.79%  
15 Y Fixed Graph 2.98% up 2.93%  
30 Y Fixed Jumbo Graph 3.98% dw 4.16%  
5/1 ARM Graph 3.06% up 2.99%  
5/1 Jumbo ARM Graph 3.55% up 3.13%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.60% dw 4.61%  
$50K HELOC Graph 4.08% dw 4.11%  
$30K Loan Graph 4.88% dw 4.90%  
$50K Loan Graph 4.33% up 4.32%  
$75K Loan Graph 4.33% up 4.32%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.67% dw 2.68%  
36 M Used Graph 3.13% dw 3.15%  
48 M New Graph 2.92% dw 2.93%  
48 M Used Graph 2.75% dw 2.76%  
60 M New Graph 3.06% dw 3.07%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.36% dw 0.37%  
1 yr Graph 0.65% dw 0.67%  
5 yr Graph 1.43% dw 1.47%