Homebuilder Confidence Reaches Decade High (THANKS TO CHEAP MORTGAGES!)

``Meanwhile wage pressure remains subdued, which may make it harder for consumers to set aside money for a down payment. Hourly pay climbed 2.2 percent last month from a year earlier, close to the 2 percent average since the recession ended in June 2009. Borrowing costs that remain cheap may help keep housing affordable. The average 30-year, fixed-rate mortgage was 3.82 percent in the week ended Oct. 15, compared to an average of 6.15 percent in the previous expansion.''