Lake Tahoe Home Loans, Lake Tahoe Home Loan Rates, Lake Tahoe Mortgage Loans, Lake Tahoe Mortgage Rates, and Lake Tahoe Mortgage Loan Rates:
Economic data was abundant this morning led by housing news and how consumers are holding up in this economy. Reports from Consumer Confidence and Case Shiller dominated the news wires. Over in the capital markets, both Stocks and Bonds are trading higher.
The Conference Board reported this morning that its Consumer Confidence Survey in September slipped to 79.7 from the 81.8 recorded in August and just below the 80.0 expected. The Conference Board said that the decrease in confidence is a result of concerns about the short-term outlook for both jobs and earnings, while expectations for future business conditions were little changed.
Over in housing, the Case Shiller 20-city Home Price index rose by 1.8% from June to July, the smallest increase since the March to April reading of 2.5%. Year-over-year, prices rose 12.4% from July 2012 to July 2013. A spokespersons from Case Shiller said that the rate of increases may have peaked due to the recent rise in mortgage rates.