Rates started the day up after a better than expected Case Shiller home price report for April. Rates have since moderated and are close to even after consumer confidence was worse.
S&P Case-Shiller Home Price Index (April 2012)
– 20-city, Seasonally Adjusted – Month/Month +0.7%
– 20-city, not Seasonally Adjusted – Month/Month +1.3%
– 20-city, not Seasonally Adjusted – Year/Year -1.9%
– The news is that the housing market is showing some signs of life
– Full report
Retail Store Sales week ended 6/23
– ICSC-Goldman Store Sales, Week/Week +2.0%
– ICSC-Goldman Store Sales, Year/Year 2.7%
– Redbook Store Sales – Year/Year 2.3%
Consumer Confidence (June 2012)
– Consumer Confidence 62.0
– Previous was 64.9
Consumer Confidence is derived from a survey of 3,000 households and attempts to assess consumers predisposition to spend. Lately it has not been a good leading indicator.