Inside the Economy: Consumer Confidence, Mortgage Rates, and U.S. Markets

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss consumer confidence, mortgage rates, and U.S. Markets. The May consumer confidence index report shows a higher than anticipated reading. Who is typically surveyed for the consumer confidence index report? As for interest rates, the Federal Reserve Board forecasts rates to decrease to 4% in the next two years. What is the forecast for mortgage rates? Lastly, Foreign investments in U.S. Markets eclipse $25 Trillion. Do countries like Singapore, Australia, or the U.K. have additional monies for future investment? Tune in to learn more! Key Takeaways: • Consumer Confidence Index at 102 • 30-Year Mortgage rate at 6.94% • Foreign Investments in U.S. Markets surpass $25T