Sign in to comment!

Menu
Home

ECONOMY

US consumer confidence rises to 90.9 in July, strongest reading since October 2007

U.S. consumers are more confident about the economy than they have been in nearly seven years.

The Conference Board's confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months before the Great Recession officially began.

It was the third straight increase in the index. Economists said that strong job growth has helped boost consumers' assessment of current conditions and also improved their outlook on jobs and the economy.

Conference Board economist Lynn Franco says that the improvements in consumers' confidence and expectations about the future indicate that the recent strengthening in overall economic growth should continue in the second half of the year.

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%