Triangle Business Today

Polled consumers looking up

Posted January 10, 2012

Mortgage Rates are flat this morning. The Dow was up over 100 points in early trading on some positive comments coming out of Europe – those comments have temporarily pushed European debt concerns to the back burner. 10 Year Treasury Yields are still sitting below 2 percent.

According to Fannie Mae’s December Housing Survey, things are looking up for housing as it relates to the consumer. More consumers polled in December feel as though home prices will rise in 2012, and fewer consumers feel that we’re heading down the “wrong track.” A larger percentage of those polled also feel as though their personal financial situation will improve this year.

The housing survey is a monthly telephone poll taken of a fluid group of homeowners and renters to interpret their attitudes relating to the owning and renting of a home, mortgage rates, the economy, and consumer confidence.


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About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.