Consumer confidence high = high rates.

Today we have informed the data of consumer confidence in Germany and Italy with better results than expected. This would mean that the economy is improving in both countries with the danger of inflation that would entail. We do not know if the ECB was aware of these facts, but yesterday was very hard insinuating that in August could raise interest rates 0.5 points.

It seems that Europe is doing well, thus, mortgages could go worse, so definitely if you go to hire one, you should think of a fixed-rate mortgage.

Written by Carlos Lopez on June 27, 2006 with 3 comments
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