Association of realtors but the sharp jump of sales will level also where are we headed . So now into the direction of the Housing Market the ceo of quicken those that is the third biggest lender in the country in the Biggest Online lender. Great to have you here. Writeoffs about where are the rates headed . You said it would site now we have seen that so where do they go from here . It is a great question i wish i knew definitively but it has made statements causing ras to go up a little bit based on the tapering measures. Ift continues to buy the bond i thought it could still be stabilise as part of the ethics dray. There will be a little volatility by unc those rates may be they edged up over the next six months. Gerri did the fed paul gold the taper talk . It is hard to say that. Any time it telegraphs what they might do it will cause the market place that could be irrational to react. The process keeps rates artifially low so if they start stepping away from that it would cause them to be jittery. Gerri hundred basis points with the big swing their anyone to refinance the mortgages and happy with that that leads me to the next question are people too late to buy or refinance rit now . Absolutely not. Said you have to step back to think historically how low their rates really is Interest Rates affordability at the alltime high prices are starting to come up in the Housing Market star to yiel is an excellent time to get a home but also a good time to refinance. There is still a lot of folks that are under water. Is a very good time to be in the Housing Market. Gerri there has been a pretty dramatic rise of housing prices. There has been increasing 80 percent of cities the median home prices went up over a 12 . The feeling get this. Inventory is pretty tight right now so you see some pockets that they put the offers and to have a bidding war in a sir marketplace. So that is the driver of inventory. So maybe they would not move as sharply as they have but what is the economic picture happening with jobs . What is happening with the Housing Market or the low prices . We have to keep a close eye with the economy. Gerri absolutely. That is critical. Your big product is the adjustable rate mortgages. Are these the same arms that got people into trouble . First of all, i dont know if they are a big product for us that we talk more about them but to ians your question, no. Arms to not get people in trouble but what got people in the past was a negative in mergers asia and the states of fully underwritten amortizing fiveyear, seven year or tenure adjustablerate mortgages a fantastic program for a lot of people. If people are there home between 5 00 a. M. Seven years if youre going to be very short period of time i would be paid a premium to have the 30year fixedrate that could be higher when you could have the five or seven year fixed and adjustablerate mortgage to allow you to have a loan payment or advertise more quickly so for the right person it makes sense with the adjustable rate product. Gerri it is different from that product the aged the edges have been taken off but you are the only people who offer eaha mortgage that you call your own rates. Had to do that . I could say i won that last 12 year into underwriting for me . It is the merger is a sham process. If it is a 50 or 25 year or third year you could literally have what you want some of b. C. People to over the last 24 months over the reef aid refinancing to cash in to bring money to the table or shorten the term to build up equity faster. Why go ack to the 30 year . That payment is something you cant afford etiquettes five years off your mortgage. If you kw, what the payment is we have the opportunity to do that. That is less interest people are very concerned whether corrected or anybody else that getting a loan is so difficult. Why is it that people have a hard time to qualify for the mortgage . Does that play a role . It is clearly more difficult to get a mortgage credit standards have been pretty similar but it is mo difficult than it used to be. But what plays in to it that people dont talk about is the fact of governmental agencies to sue lenders for things they have done in the past. We have things happening that if i will underwrite the loans to take up the rest i will make sure i will underwrite correctly because i cannot afford a football it could be a combination with the risk associated with the Residential Mortgage industry. Rri i have to ask you about detroit your city company is fond of the city you have a bright shiny New Buildings so what does detroit we do to make it out of the bankruptcy . Theres been a lot of great things happening and we have been involved with that over the last two or three years to invest in the city. Private investment is that the ltime high. That is certainly difficult but it isong overdue that this hpened so we have to address the problems of this city in the bankruptcy is difficult but it is giving us the opportunity to deal with legacy issues to come out the other side. We have to get through the bankruptcy process and that will take time but as we look at this were bullish on the straight that they have greatalance and great infrastructure to have our renaissance like it deserves gerri greats information we appreciate you coming on. , back. My pleasure. I am happy to come back. Gerri a lot still to come how to turn your parttime job into fulltime and the they are sending your kid to college but what about loans for day care . I am not kidding. We will talk about it. Next. announcer at scottrade, our clients trade and invest exactly how they want. With scottrades online banking, i get one view of my bank and brokerage accounts with one login. To easily move my money when i need to. Plus, when i call my local scottrade office, i can talk to someone who knows how i trade. Because i dont trade like everim with scottrade. Me. announcer scottrade. Awarded fivestars from smartmoney magazine. Gerri no doubt the pressure is on the middleclass with loans for Nursery School . A Pilot Loan Program for families to pay for day care. The of a personal finance expert i cannot think of the beer panel. New york city has a loan program talking about College Financial aid 1 trillion of many outstanding does this make Financial Sense . No. It is a bad idea allaround i understand they want their kids to go to the best day care or preschool and paying out with the exclusive oup so i could see why they want to get in on the program but it is a very bad idea. Gerri in new york city it is a different wod with the kids. Friend of mine talked about the pta meeting wth the mothers for a green because the kids ian kindergarten were not getting homework. Adjusted give you a sense of how we aired this place is but when you look at Something Like this is assigned the middleclass is under incredible stress . It is. All americans are under incredible extract its right now only 27 percent think this country is headed in the riggt direction. We have unemployment hovering above 7 in the Labor Participation rates in seaq feel the stress allaround we cannot provide economically because the economy is not there but they have noo worked. Gerri 6 interestratebetween d four years old and up that 11,000 . Scientists and the going rate is 30,000. Pile on the debt . It is a bad idea they already have enough that in general with credit card or mortgage or Consumer Debt also defaults taxpayers to be on the upside understand why they want to get in but i think they cannot afford to sthey shifted because once you get in on the market than it is private elementary, middle school, a school, and escalates from there. Was reading the media accounts of a stock 4,000. Were not making more betty we are making less money. Lou to your kids to do well but is this the first generation where kids dont have a better lifestyle than their parents . If you look at the polls the majority of americans belie that we saw that change april 2009 arabamecans change their views that every generation that it would be better off but we dont have that hope anymore we see that everyone is earning less money in making less money and things cost more gas, food, a daily living. So there is a bigger problem than just providing child care. In the ofmillennial summer it tough position living a komondor, underemployed or unemployed in delaying a buying a house coming getting married. Gerri but to give pushed faxes is what the parents would say by the time they hit kindergarten they scored twice as high from those of core households so you can see the pressure to get the kids started in the right direction early. Is already very competite especially the Upper East Side now sharper. Give them all work. [laughter] people are delaying having kids are keeping what they have at one. What are the longrange consequences . Because we just think things will get better or get richer or have better jobs. You have to think that way by people of making concessions that surprise me they are. I am optimistic that one of those that is wondering should i even have kids . At is a selfish of me to have children . That is when you have to think about these in the bigger picture. People just not making the money they want to make and they dont know if they want to bring money into this generation think of medicare, Social Security now we have obamacare . If we have less people in the nation and working less people put their dollars into a the program. What is the right answer . Moved out of new york city . I dont know. We go out and read by a and so we have limited it so maybe that goes back to having to. But i dont like the trend right now. I dont either. This should be an expansion people should be doing better this is not what we are used to. It is always great to have the ladies panel. Restaurants across the country are refusing to ut serve kids after dark. How to turn that frustrating partime job into a fulltime position. Right now, 7 years of music is being streamed. A quarter million tweeters are tweeting. And 900 Million Dollars are changing hands online. Thats why hp built a new kind of server. One thats 80 smaller. Es 89 less energy. And costs 77 less. Its called hp moonshot. And its giving the internet the room it needs to grow. This is gonna be big. Hp moonshot. Its time to build a better enterprise. Together. Are you flo . Yes. Is this the thing you gave my husband . Well, yeah, yes. The name your price tool. You tell us the price you want to pay, and we give you a range of options to choose from. Careful, though that kind of power can go to your head. That explains a lot. Yo, buddy i got this. Gimme one, gimme one, gimme one the power of the name your price tool. Only from progressive. Gerri attorney a parttime job into a fulltime career has never been harder the u. S. Is fast becoming a parttime nation despite all those rosy Research Reports across the country but the reality is this most of the workers are clocking in at less than 30 hours per week. Have derred a parttime job into a fulltime career . , author of the book what color is your parachute . You are the perfect person for this segment yours was the first job spoken the best. Thank you for coming on the show. I appreciate it. These parttime jobs are so common 75 created this year are part time, an awful time so why is it so difficult to find a fulltime job . The employers sees it as a cost with this economy they keep it as low as a key and so they can accomplish what they need to aomplish using parttimers it will only grow as the demand increases. Gerri you told our producer that every job today is temporary. What do you mean . If you think job as mortal they have the much shorter life id been the staff is used to face the fact you will lose the job sooner or later so you need to be prepared zero ways to go job hunting and not think this is where i will spend the rest of my life. Gerri you are making me a little anxious but if i am is a temporary job, how do i turn that into a fulltime job . What are the three steps to allow me to do that . The first one is you have to be an extraordinary employee with th things that we are all aware of, in 50 minutes early, as a 15 minutes later and to achieve the work and to get along well with your fellow employees. Second is keep asking yourself every day i of here because my employer views me as a cost what of my doing to see there is value in the work by itroducing . Ask yourself every day what are the employers goals . And what you said was interesting is you should keep a log of your contribution over time. Said write down what you did that propelled the company for rd or when you have to defend yrself or just asking for a raise you to go back to say this is what i haveone. You have to make that the discipline every weekend you spend hal an hour or less to keep that kind of a journal then summarize on the onepage paper natalie give it your supervir but theres also once a year or maybe bar often in that would justify you clning i have such a value here you may wann to consider hiring fulltime not just parttime gerri that is a great argument. When was your book First Published . When dinosrs were roaming the earth. [laughter] self published in 1970. A new edition of every year i preconceived the book every year. Gerri every edition has something new. It is great to talk to you. Thank you so much. It is time for a look at the stories you are clicking on. The end to a down week on wall street with all three major indexes ending in the red after the dow and s p hit tte alltime closing high but price line. Com also was close to being the first talk to ever cross 1,000 and investors jumped on board after better than expected earnings. Bob eiger speaks exclusively to Dennis Kneale as they held the three decks go either stand tuesy will have a bunch of new products despite the flop of lone nger he said he is happy the way business is right now. Obama neece it clear he has no intention to stop the daily collection of phone records he promised appropriate reforms houses it is carried out the stops short to say what they will be only they will be working th congress. Those laws stores right now on fox business dhaka. We have more coming up georgetown has a new program to pay for your degree we have a report. And kids running around. You have seen this price so now restaurants are beginning kids. Is a legal . We will get your reaction. [ villain ] well mr. Baldwin. It appears our journey has come to a delightful end. Then i better use the capital one purchase eraser to redeem my venture miles for this trip. Purchase eraser . Its the easy way to erase any recent travel expense. I just pick a charge, like my flight with a few taps, its taken care of. Impressive baldwin. Does it work for hotels . Absolutely thank goodness. Mrs. Villain and i are planning our. You scare me. And i like it. Lets go ats in your wallet . Its delicious. So now weve turned her toffee into a business. My goal was to take an idea and make it happen. Im janet long and i formed my Toffee Company through legalzoom. Never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. Go to galzoom. Com today and make your business dream a reality. At legalzoom. Com we put the law on your side. Gerri our taxpayers picking up the tab for a negenerion o lawyers. Loophole, pricey Georgetown University law school is offering students free tuition if they go into Public Service for ten years. It fox business rich edson is at Georgetown University with the details. Say it aint so. Reporter good evening. First, it is pretty attractive considering the price of law school, if you have ever exported. This is on the georgetown website. The program, federal program and the program they have here means Public Interest borrowers might not pay a single penny on their loans ever. That is pretty good, considering that this law school, which is a pretty good law school, a top tier, and others are expensive, this 1,229,543 years, room, tuition. The general government will lend you the entire mountain on average you end up with about 150,000 of average debt a graduation. Here is up where here is where the loan repayment comes in. If you commit after graduation to ten years in a publicservice job as an attorney, if you are less than 75,0 per year, the federal government will forgive your loan balance after ten years for an average price of 1,000. The student has to pay 10 percent of their takehome pay as parttof that deal. Hich is what the0, but the school advertises here at georgetown and other schools, the school will reimburse that payment of 45,000, so you get the law school for free. Heres the trick. Georgetown and other schools are simply increasing their tuition to cover that portion. A schools job is to maximize revenue and get as many people enll for the highest pri possible. And still maintain their prestige. So it is not surprising to me that georgetown law figured out that they could crge a high tuition and get the taxpayers to up foot the bill. Reporter a new America Foundation is saying may increase tuition. That bill was part of loan forgiveness, and while it looks like theyre being generous, maybe not so much. Georgetown says, that is not the deal at all. A saying these bonds, primarily from tuition paid by students either through their own resources are federal laws that are fully repaid at up to almost 8 interest. They say they put 2 million in the this program and expect that the costs will rise. 2 million annually in the costs will rise. Rri let me just say this about that, how, as a taxpayer. Thank you for that report. Disconcerting. Thanks. Gerri well, we pay for everything, dont we . How about this, restaurants around the country are putting in their own special order, hold the kids. A Mexican Restaurant in texas becominghe latest establishment to refuse service to children. In this case past 7 00 p. M. Of coue they wreak havoc on other patrons, but to bar kids from restaurants, is a legal . Joining me now, attorneys. Welcome a discrimination law called the reason least restrictive means. Children under the rubric of Family Statu