Page 2 - Housing Mark News Today : Breaking News, Live Updates & Top Stories | Vimarsana

More discretionary income to spend. they won't have that. however, if mortgage rates start to go up we may see an uptick in the housing mark. people will say they are going up and i have to get in now. >> gregg: let's talk about g.d.p. growth theshlg had to revise the first quarter from 2 hadn't 4% to 1.8%. second quarter looks like under 2%. will higher interest rates dampen consumer spending really killing g.d.p.? >> yes, because money is more expensive were higher interest rates. we've seen a real driver in the economy in housing and in car loans. it's because we've been such historically l...

Those people who couldn't by before because of whatever conditions, they won't be able to buy houses if you keep rates low. you'll find all sort0s regulators and conditions for getting a mortgage that they won't satisfy and they won't get it. >> i hear talk that looking at what is going on in the market, and all this promising stuff, rising interest rates, and he will bend to the pressure, say something like, i'm not going to cult off the printing presses entirely. no. relax, boys. you don't think he'll san diego like that? >> he may. god knows what he'll do. it's been five years of this nonse...

It had been flat until the federal reserve announcement. ben bernanke spoke to the press less than an hour ago. investors were word about scaling back the economic stimulus program but it didn't. investigators didn't seem to like that. rich edison has this new. we were in a meeting and i got an alert from fox the fed made this move. oh, stocks are going up. nothing. >> it's in a perverse area where there was some good economic news and people say that's the early signal that maybe they'll dial it back but despite speculation, the federal reserve might dial is back, the central bank will contin...

Upward and the previous month, too. so over the last year two million job add. that's not a -- a slow-moving recovery, truly, but it's a recovery. >> shepard: are you starting to feel it? recoveries are things that sometimes you feel in your own community. new york is not representative of the rest of the nation, i know. there's a lot of movement in our industries. my family is in mississippi. it's booming. there are more jobs. everything feels better. >> the housing mark is showing that. so almost across the board you're seeing housing prices rise, in places like new york city, really rising....

Driver is the cost of energy. >> the u.s. is producing so much natural gas there's talk of actually exporting it, meaning hundreds of billions usually sent overseas to buy energy would stay here at home instead to boost the american economy. john? >> the question, of course, jim is will the policy follow the promise? jim, thanks as always. wall street finished the week with a strong friday. the dow was up 49, the s&p 500 gained 8 and a half, the nasdaq finished up 29. here's a sentence we haven't uttered much in the last few years, there's good news tonight in the housing mark. fox busines...