Here’s some recent good news.

• Interest rates are still at historic lows. Rates are well below the 8 percent level of early this decade when the housing boom began.
  
• Overall mortgage applications were up 17 percent for the week ended May 25, compared to the same week in 2006.
  
• Consumer confidence bounced back in May, according to the Conference Board’s monthly index. The increase is attributed to optimism about the job market, and many economists believe that as long as the employment picture is positive, consumers will not significantly change their overall buying habits.

 Jim Weichert  - Posted (06/05/2007)

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