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Consumer Confidence Continues to Improve in January
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You're Now Reading:
Consumer Confidence Continues to Improve in January
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Consumer Confidence Continues to Improve in January
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January 31, 2012 (Chris Moore)

Positive news about employment gains pushed consumer confidence up for the fifth consecutive month in January according to the latest Surveys of Consumers by Reuters/University of Michigan.

The number of respondents in the survey who reported hearing news of the improved employment numbers tied a record dating back to 1983, but their optimism was waning, as about half of the respondents still expected the unemployment rate to remain unchanged over the next year.

Of the remaining half, the respondents were pretty much equally divided between those who thought that the unemployment rate would go down and those who thought the rate would go up.

Respondents continued to show a lack of confidence in government policies, which remained near all-time lows, but twice as many of the respondents anticipated an improved near-term outlook than those who did just five months ago.

Consumer’s views of their own personal finances also continued to be dismal.

For the 40th consecutive month, more consumers reported that their incomes had declined than had increased and only one-in-four of the households said that they expected their personal finances to improve over the next year.

All three indices that make up the Index of Leading Economic Indicators posted gains again in January, with two of the three above last year’s levels.

The Consumer Sentiment Index climbed 7.3 percent to 75.0 in January, up from 69.9 in December and up 1.1 percent from 74.2 in January of last year.

The Consumer Expectations Index increased to a level of 69.1 in January, up 8.6 percent from a level of 63.6 in December but down 0.3 percent from a level of 69.3 in January 2011.

The Current Conditions Index climbed 5.8 percent to 84.2 in January, up from 79.6 in December and up 2.9 percent from 81.8 in January of last year.

Richard Curtin, Surveys of Consumers chief economist said, “Although the current level of confidence has nearly regained its highest level since the recession, this is the third consecutive year that confidence has mounted a comparable rally. All prior rallies failed when consumers concluded that the improvement they had anticipated had failed to materialize. The recent gains in confidence are now critically dependent on continued job gains. As long as modest employment gains are forthcoming, the data suggest real consumer spending will post a 2.1% gain in 2012. There is no symmetry between the rate of job gains and spending: lower job gains will have a disproportionate negative impact on spending.”

Tags: Surveys of Consumers, Reuters/University of Michigan, consumers, economic slowdown, finances, recession, financial expectations

Source:
Reuters/University of Michigan

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January 31, 2012 (Chris Moore)

Positive news about employment gains pushed consumer confidence up for the fifth consecutive month in January according to the latest Surveys of Consumers by Reuters/University of Michigan.

The number of respondents in the survey who reported hearing news of the improved employment numbers tied a record dating back to 1983, but their optimism was waning, as about half of the respondents still expected the unemployment rate to remain unchanged over the next year.

Of the remaining half, the respondents were pretty much equally divided between those who thought that the unemployment rate would go down and those who thought the rate would go up.

Respondents continued to show a lack of confidence in government policies, which remained near all-time lows, but twice as many of the respondents anticipated an improved near-term outlook than those who did just five months ago.

Consumer’s views of their own personal finances also continued to be dismal.

For the 40th consecutive month, more consumers reported that their incomes had declined than had increased and only one-in-four of the households said that they expected their personal finances to improve over the next year.

All three indices that make up the Index of Leading Economic Indicators posted gains again in January, with two of the three above last year’s levels.

The Consumer Sentiment Index climbed 7.3 percent to 75.0 in January, up from 69.9 in December and up 1.1 percent from 74.2 in January of last year.

The Consumer Expectations Index increased to a level of 69.1 in January, up 8.6 percent from a level of 63.6 in December but down 0.3 percent from a level of 69.3 in January 2011.

The Current Conditions Index climbed 5.8 percent to 84.2 in January, up from 79.6 in December and up 2.9 percent from 81.8 in January of last year.

Richard Curtin, Surveys of Consumers chief economist said, “Although the current level of confidence has nearly regained its highest level since the recession, this is the third consecutive year that confidence has mounted a comparable rally. All prior rallies failed when consumers concluded that the improvement they had anticipated had failed to materialize. The recent gains in confidence are now critically dependent on continued job gains. As long as modest employment gains are forthcoming, the data suggest real consumer spending will post a 2.1% gain in 2012. There is no symmetry between the rate of job gains and spending: lower job gains will have a disproportionate negative impact on spending.”

Tags: Surveys of Consumers, Reuters/University of Michigan, consumers, economic slowdown, finances, recession, financial expectations

Source:
Reuters/University of Michigan

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
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Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
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FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

January 31, 2012 (Chris Moore)

Positive news about employment gains pushed consumer confidence up for the fifth consecutive month in January according to the latest Surveys of Consumers by Reuters/University of Michigan.

The number of respondents in the survey who reported hearing news of the improved employment numbers tied a record dating back to 1983, but their optimism was waning, as about half of the respondents still expected the unemployment rate to remain unchanged over the next year.

Of the remaining half, the respondents were pretty much equally divided between those who thought that the unemployment rate would go down and those who thought the rate would go up.

Respondents continued to show a lack of confidence in government policies, which remained near all-time lows, but twice as many of the respondents anticipated an improved near-term outlook than those who did just five months ago.

Consumer’s views of their own personal finances also continued to be dismal.

For the 40th consecutive month, more consumers reported that their incomes had declined than had increased and only one-in-four of the households said that they expected their personal finances to improve over the next year.

All three indices that make up the Index of Leading Economic Indicators posted gains again in January, with two of the three above last year’s levels.

The Consumer Sentiment Index climbed 7.3 percent to 75.0 in January, up from 69.9 in December and up 1.1 percent from 74.2 in January of last year.

The Consumer Expectations Index increased to a level of 69.1 in January, up 8.6 percent from a level of 63.6 in December but down 0.3 percent from a level of 69.3 in January 2011.

The Current Conditions Index climbed 5.8 percent to 84.2 in January, up from 79.6 in December and up 2.9 percent from 81.8 in January of last year.

Richard Curtin, Surveys of Consumers chief economist said, “Although the current level of confidence has nearly regained its highest level since the recession, this is the third consecutive year that confidence has mounted a comparable rally. All prior rallies failed when consumers concluded that the improvement they had anticipated had failed to materialize. The recent gains in confidence are now critically dependent on continued job gains. As long as modest employment gains are forthcoming, the data suggest real consumer spending will post a 2.1% gain in 2012. There is no symmetry between the rate of job gains and spending: lower job gains will have a disproportionate negative impact on spending.”

Tags: Surveys of Consumers, Reuters/University of Michigan, consumers, economic slowdown, finances, recession, financial expectations

Source:
Reuters/University of Michigan

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.