Detailed text transcripts for TV channel - FOXNEWS - 20130624:20:09:00
Looking closely at interest rates, specifically home buyers? they are extracting -- the general consensus is they're expecting mortgage rates to shoot up to 4.5% real fast. >> they're right. mortgage rates be higher and they're going to rise a great deal. there's no way you should have a t-bill yield of four basis points. it's ridiculous. and a ten-year bond yield of, what, 250, 255? that's way, way, way too low for long-term. the fed's done that -- >> won't it damage the housing recovery if you suddenly get a nice -- not a nice -- a spike in mortgage rates? >> it's not only what you can borro...