Detailed text transcripts for TV channel - FOXNEWS - 20130629:15:13:00
Surging from 3.93 last year to five percent. that is a big jump. a lot of folks believe it is bad news for home sales and prices. emac, you say that is great news. >> it is great news for the housing market temp really. it will get people up off their seats to look in the lower rate. pending home sales in may rocketed higher because people tried to look in the affordable mortgages now. and that's what the realtors said. >> mike, is it great news or bad. >> emacis right. i think it is going to slow down the rate of the growth we saw in home prices because the economy itself is weak. incomes are...
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