Consumer Anxiety Over Finances Declines Slightly in June – NMP Skip to main content

Consumer Anxiety Over Finances Declines Slightly in June

NationalMortgageProfessional.com
Jun 09, 2014

The Money Anxiety Index decreased 0.1 index points to 73.9 in June, indicating a slight improvement in the level of financial anxiety among consumers. The improvement in the Money Anxiety Index is attributed in part to the positive employment report for May showing an increase of 217,000 non-farm jobs. The June decrease in the level of consumer financial anxiety is in contrast to a substantial increase of 1.3 index points during the first quarter of this year. During the first quarter, the Money Anxiety Index increased from 77.7 in January to 79.0 in March of this year. The increase in consumer financial anxiety in the first quarter is clearly reflected in a negative 1.0 percent in real GDP. Moreover, without the substantial increase in services expenditures, which were driven primarily by the implementation of the Affordable Care Act, first quarter GDP would have been closer to negative two percent. The outlook for the second quarter is positive. With the harsh weather conditions of the first quarter behind us, and significant increases of 288,000 jobs in April and 217,000 in May, the stage is set for a strong GDP showing in the second quarter of this year.
Published
Jun 09, 2014
Revolution Mortgage Opens Second Mortgage Branch In Cincinnati

Columbus, OH-based Revolution Mortgage announced the opening of its second branch in Cincinnati and 14th branch in Ohio.

Industry News
Dec 06, 2021
Nations Lending Teams Up With NBA Legend Dennis Rodman On Integrated Brand Campaign

Nations Lending, a full-service national mortgage lender, announced the launch of its first integrated brand campaign starring NBA Champion and All-Star Dennis Rodman.

Sales and Marketing
Dec 06, 2021
Black Couple 'Erased Themselves' From Home, Receives Higher Appraisal

Paul Austin and his wife, Tenisha Tate-Austin are looking to take legal action after receiving a higher appraisal on their home only after “white-washing” their home by removing any trace of themselves.

Industry News
Dec 06, 2021
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021