Mortgage holders’ confidence crashes to lowest level since 1994 as year that ‘feels like a recession’ looms
Published . Updated .
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Westpac survey results signal growing sense of ‘helplessness’ as Jim Chalmers faces growing pressure to rein in government spending Confidence among mortgaged households has crashed to its lowest level in more than three decades amid a growing sense of “helplessness” about the economy, even as a dramatic shift in financial markets suggests there is now a strong chance of a Reserve Bank rate cut by this time next year. The latest Westpac survey showed its consumer sentiment index sinking again in November to reach a four-year low, amid deepening pessimism about the near-term prospects for the economy . Continue reading...
Directly affected
- No company is named in this report.
Indirectly affected
- XLRE Real Estate Select Sector SPDR+2.7% 30d
Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story.
- XHB SPDR S&P Homebuilders ETF+5.0% 30d
SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.
- PLD Prologis-3.7% 30d
Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.
- DHI D.R. Horton+5.6% 30d
D.R. Horton (operative builders): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.
- LEN Lennar+5.6% 30d
Lennar (general bldg contractors - residential bldgs): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.
- WMT Walmart+20.2% 30d
Walmart (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
- AMZN Amazon.com+5.3% 30d
Amazon.com (catalog and mail-order houses): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLRE | -2.21% | -0.78% | base | after close | after close | after close | after close |
| XHB | -3.80% | -2.05% | base | after close | after close | after close | after close |
| XRT | -4.28% | -1.83% | base | after close | after close | after close | after close |
| PLD | -1.11% | -1.51% | base | after close | after close | after close | after close |
| DHI | -6.68% | +1.29% | base | after close | after close | after close | after close |
| LEN | -5.98% | +0.01% | base | after close | after close | after close | after close |
| WMT | -0.64% | +1.67% | base | after close | after close | after close | after close |
| AMZN | -6.07% | -2.36% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Westpac survey results signal growing sense of ‘helplessness’ as Jim Chalmers faces growing pressure to rein in government spending Confidence among mortgaged households has crashed to its lowest level in more than three decades amid a gro…
Source: The Guardian
This story
| Company | When | Move | Status |
|---|---|---|---|
| AMZN | three days earlier | -2.36% | final price |
| AMZN | five days earlier | -6.07% | final price |
| DHI | three days earlier | +1.29% | final price |
| DHI | five days earlier | -6.68% | final price |
| LEN | three days earlier | +0.01% | final price |
| LEN | five days earlier | -5.98% | final price |
| PLD | three days earlier | -1.51% | final price |
| PLD | five days earlier | -1.11% | final price |
| WMT | three days earlier | +1.67% | final price |
| WMT | five days earlier | -0.64% | final price |
| XHB | three days earlier | -2.05% | final price |
| XHB | five days earlier | -3.80% | final price |
| XLRE | three days earlier | -0.78% | final price |
| XLRE | five days earlier | -2.21% | final price |
| XRT | three days earlier | -1.83% | final price |
| XRT | five days earlier | -4.28% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. David J. Taylor bought Prologis (PLD), worth $1,001 - $15,000 on 15 Oct 2026. That is 26 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Prologis (PLD) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Prologis (PLD) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 60 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Horton D R (DHI), worth $15,001 - $50,000 on 17 Aug 2026. That is 85 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Lennar (LEN) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Lennar (LEN) (held by a dependent child), worth $1,001 - $15,000 on 11 Sep 2026. That is 60 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Lennar (LEN), worth $15,001 - $50,000 on 28 Aug 2026. That is 74 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 39 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 43 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN), worth $15,001 - $50,000 on 27 Oct 2026. That is 14 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN) (held by a spouse), worth $100,001 - $250,000 on 2 Oct 2026. That is 39 days before publication. Filed 27 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Mortgage holders’ confidence crashes to lowest level since 1994 as year that ‘feels like a recession’ looms” scores 12 out of 100. The score uses 1 sources.