The summer holidays are officially over. The kids are going back to school. And it’s time we all get back to work.
But what a wonderful way to kick off and revive the working spirit. The markets are looking strong and confidence among U.S. consumers are continuing to beat expectations. Despite the rise in unemployment last month, this month clearly showed better numbers.
Heck, there’s even positive signs from the US real estate market, regardless of the continued foreclosures. The number of contracts to purchase previously owned houses unexpectedly rose in July, a sign the market may be starting to stabilize. U.S. mortgage rates dropped to yet another record low with the average rate for a 30-year fixed mortgage falling to 4.32 percent. That’s the 11th straight week of matching or setting a new low for mortgage rates. Imagine that. 4.32 percent for 30 years!