or duty to punish the otherwise government should leave us alone to do anythingthat is peaceful. that is ou t t t t t t t t t t . thanks a lot, have a great weekend. gerri: hello, everybody. tonight on "the willis report." the bks are at it again. they figured out another way to squeeze you. at t atm. also, how do you do that, the best way to travel with your pet. in fashion's nit unique way for consumers to buy d give a little back as well. we are watching out for you night on "thwillis report." ♪ rri: all that and more comg up, but first our top story tonight, is recovery housing

market covering up a bubbl median home prices are searching up from the year before, sales through the roof. this is certainly not helping curb fears housing is growing too big too quickly. finance professor at george mason university, welcome back to the show, anthony. when the national association of realtors says prices are growing too quickly, that's a sign of something. what do you say? >> absolutely. you really have got to pay oser attention to the data, d they are. gerri: and 8% hike month to month which reminds me a lot of 2006, 2005, 2004. is this a bubble? >> let's take a look at this carefully. on the surface, yes. if you look at mortgage applications, still makes 95 levels whi means they are in the doldrs.

not coosumers buying homes, thes are investors and wall street, et cetera and paying cash. there is a bubble, absolutely and its not going away anytime soon. gerr one of the issues at play here a rising interest rates and expectations rising rates could kill this boom. avere 30-year fixed-rate mortgages across the country cruising just under 4% in many markets across the country, you look at 3.95% on the east coast, 3.92% on the west coast, big differences by region, look at that. and then you start to consider how much of theseates are going to go higher. the expectation 4.5% early next week, mention what happens if they go to 7% suddenly all across the country these houses are not affordable in cities like denver, los angeles, san francisco, seattle, miami, washington, new york city.

we are a long ways from that. do you think there are other elements making housing affordab? absolutely. eree two factors that his interest rates going up taking it less affordable and house prices are going up a lot faste% than you would think otherwise. the thing i want you to look at is may 2. lo at any chart since may 2. that is when they lose control of the market, so stocks have come down. gerri: some people say the fed has lost control. a week ago the fed control is too much. can you have it both ways, really? >> no, absutely not. for all the good intentions i come in peace, the fed has done some good. the fed has lowered interest rates and on the housing side have fannie mae, freddie mac,

fha, almost 100% domination of the housing market through the government. what do we get? bubbles burst, bubbles burst. gerri: that is what i am worried about. i remember the last time we got into a housing bubbl i started looking athose little pieces of evidence something was awry and i found something about that in this market today. we look at the searches on the web for homes, everybody buys homes this way now. in places like palm springs, sacramento, california. we have web search is going on from 4:00 a.m. to 10:00 a.m. in astonishing nmbers. i find that to be a sign somehow the market might be ahead of itself. what do you think? >> everybody is saying the pshology bubble, the housing prices shooting up there i want to get on the bandwagon.

i thought i saw this in 2004, and we are seeing inventory come back on the market, so i had to get into the housing market now. zero down payment if posble. we are repeating the same cycle. gerri: i agree. we will watch this very carefully and i am sure you will help us. thank you for coming on. we're talking about market psychology of housing, right? some relief after the market got rocked for a second day after the fed shifted from a potential pullback. take a look at that screen rocking out. savings take it on the chin despita rebound in the dow and s&p so how do you manage the fear in this marketplace. joining me now, psychologist fr fox news to bitter i've known you a long time, wanting to talk market psychology here.

is it our professional investors long it? >> i think what is happening as investors are making a lot more out of the move that we have seen because we have not even declined by 5%. historically we have a decline of five to 10% every year since world war ii so we are really just doing what we normally do. gerri: i think people ve lost their minds on it. you thk about this thing all the time. maet psychology, a lot of lines in the sand pple say things are crazy. somehow we decided a 4% mortgage rate, over that will kill the market, right? a yield on the 10-year treasury is insanity. what do you say about this psychology? >> i say theeason you have that kind of panic is try telling an alcoholic that there isn't going to be any alcohol available for four hours or six hours. in other words when you are

drugged with free money and irrational interest rates that are artificially low the idea of a pullback brings reality back like wait a second, it has been a bubble. we have been addicted and dependent on government fixing the system and guess what, it get their pulses up, they get panicked. they should. rri: government standing behind the federal reserve ben bernanke keeping the market afloat for four yes. we have the transition now to something else, how do we do that as individual investors? >> i think we as individual investors don't have a choice in the matter, we have to be dragged along a it depends on how we respond. gerri: i don't want to be dragged, wants to lead the charge and find the right way to do it. tell me how. >> you don't overreact. what the fed is trying to do i avoid a japan like inflationary

to firlike environment. so the interest rates are artificially low, they didn't hint, they told us the data continues to come in as it is, we will start the tapering program in the later part of this year and and by next year. we're just getting back to a non-stimulus environment. gerri: back to normal really. people feel like it is not back to norral, it is something new. how would you advise people to deal with what will be a volatile summer and fall? >> number one to get expert advice you don't want to be your own psychiatrist or your own financial planner unle you are the other thing is to say look, no kidding to sleep d not hang nightmares o were waking up in the middle of the night should meen you convey to your financial team or advisor the fact he wants to be

conservave, preserved your position, don't be subject to bipolar disorder which is what happens when you sever reality and let your mood float from high to low to high because of artificial government propping up of people, housing and industry y get to come down to ground level and i think people should be telling the financial advisorsake a landing as easy as possible because it's coming. gerri: when i think about this because i don't really make decisions based on what the market is doing with my retirement account and savings account. instead i'm always putting money in all the time. so i take out all that anxiety, it's possible i don't even look at it as much as i should. what do you tell pple who know we should not operate off their gut. >> they should be more like you, they should realize we have had declines of five to 10% every year since world war iand have months.back toreakeven in two

20 declines of 10 to 20%, we've gotten back to breakeveven in fr months. you're probay better off buying then you are bailing the only way you lose money is by selling at the bottom so i would say don't let your emotions rule as the other guest was sying you are paying an advisor to hold your hand and tell you not to sell at the worst possible time. gerri: last word, what would you say? >> the last word is this, since we have seen the internet bubb bubble, when that first, that was not such a quick recovery, that ruin a lot of people. for the folks at manic high, looks, don't have irrational exuberance either rain in yourself, plan for stormy weather to come and i agree with my co-guest. don't panic. gerri: keep your head when

others are losing tirs. they maka ton of dough in times like this, this is what they live for, this is what they want. youudon't have to play that game, you can be smarter than wall street and that is what we talk about here all the time. thank you so much for coming on, great advice and great facts. we want to know what you think. do you invest with your heart or your head? log onto gerriwillis.com and i will sha the results at the end of the show. we have more to co up including tips on how to ing man's best friend with you on your summer vacation. we have dogs in the house. coming to an atm neayou, prepaid debit cards. next.

♪ gerri: we aki gerri: we are looking out for your credit score tonight.

any moves can haunter history for years to come. join me now with tips to boost your credit score, consumer education present for smart credits.com. weome back to the show, always good to have you on. i want to start with the credit scoring, it is a long time. if you have that information, how long is it? >> the credit industry is a self policing industry. when you mispayments w are you have accounts went to default or collections or most recently people going into foreclosure that is a seven year penalty. if you file bankruptcy or have a tax lien on your credit report or unpaid student loan those can stay longer up to 10 years and unpaid tax liens and defaulted student loan can stay indefinitely uil they are paid. gerri: why do i thk the good stuff is away. just my inttion. >> it is interesting you bring that up. the federal law that defines

when bad stuff has to be removed from your credit report doesn't addrs good stuff, it is silent on good stuff so the credit reporting agencies could maintain good information on your credit reports for ever but they don't, the burea have policies in place they will remove inactive old accounts after a decade which is probably not a big deal because by then you have likely established other accounts, but there is no guarantee that your old great credit estaished when you we in your teen or 20s wl hang out on your crit report forever. gerri: it doesn't surprise me in the least. what is your number one piece of advice for improving the credit score? >> that is an easy one. pick something that is actionable. not a lot you can do about it except for weight. the number o way to improve your credit score ver quickly is to pay off credit card debt. that does not mean take it from 20,000 down to zero overnight. if you can chip away at it, you

would be surprised how quickly your score is gog to improve because it does not have a memory media does not know you had more debt yesterday then you do today so the minute death goes down, t score is going to go up. gerri: big story today atms will issue prepaid debit cards. if you want to get one of those you have to go to your corner atm and pull it out. we have t been fans cause of the fees are not banks charging big-time fees what you make of this move? >> it doesn't surprise me. eventually you kind of thought the atm machine was going to be used for more than just balance inquiries and taking cash out. the fact some big banks undiscsed at this point are essentially reworking the inner workings of the atm machine to give out a prepaid debit card in addition to cash is a variable

to you can pick and choose what you want doesn't surprise me, another way to monetize the atm machine which they haven'had a way to furtheronetize ttat machine, now they do. gerri: is means taking money out of my pocket and putting it in their pocket. we're talking about selling a product or we have to pay to ge access to my money. >> not only, you go to an atm machine unless you are in network you will pay a fee, likely pay a fee to get this card because you have activated, load funds onto it, things that cost them money so they will subsidize it by charging you money. it does not mean that the parade has ended, you'll pay the same fees you pay on a prepaid debit card you purchase at a drugstore you got from your nker on the internet because you want to be like one of the pop stars who are selling them now. this is your money, after-tax

money. now you are getting the bank tax on it to put it on a piece of plastic. gerri: some of the financial advisors as well. we have gotten a lot of attention. i don't wa to pay that much for access to my money. >> i don't want to pay anything back. my money. gei: you know what, it is your money. >> we agree on that. gerri: have a great weekend. time now for the stories you are clicking on tonight on fox business.com. apparently enough is enough. after eight two-d plunge the rk ended in the green today. maybe they won't get so spooked the next and the fed talks about ending smulus measures. get ready to pay more for your latte. hiking prices by 1% nationally starting on tuesday.

that comes out to an increase of $0.10. for those o drink thosecomment will be more like $0.40. on to the auction block next week. the biddingng starts at $300,000 but estimates have it going closer to $500,000. 200 computers were made, only 0 stl exist. good news for alec baldwin, government ming toward easing restrictions on the use of electronic devices during takeoffs and landings. it could come as soon as september. those ofhe hot stories right w on fbusiness.com. coming up, the government once again getting involved in the housing market but are they going too far this time? and we answer the question, how do you do that? we have doggies onset, people. stay with us.

gerri: traveling with your 4-legged friend can stressful.

♪ gerri:l, d gerri: don't turn your next summer vacation into a guilt trip. leaving behind your furry friends to wreak havoc on your next vacation by bringing along fluffy and fido isn't so easy so how do you do that? joining me now, pet trend allergist. >> thank you for having us. that is hannah, a three-year-old golden retriever, and this is a

six-year-old english toy spaniel. gei: i know soany people who wants to take the dog on vacation, it is not the easiest in the world. >> you have to plan ahead, find a destination that is pet friendly and safe for your dog. gerri: what does that mean? where do you find them? >> start with aaa because aaa has the past book, great representatives to plan a pet friendly vacation. some are chicago, san diego. there are baseball games in the summertime, a lot of activities, there is the beach even in chicago, san diego this week having a surf dog competition, so lots of things to do. gerri: i am kind of reoccupied by the dogs because they are so pretty. what do you need to do to get ready for the vacation?

>> you want to make sure your dog is accustomed to being in the crate over here or the standard bag which youant to fly with. your dog is protected in the car or flying on the plan. next stop, t end protection very iortant and i tell people to definity go with something like triple protection because he wants to make sure he will not be bringing the fleas home so it prevents tics. we have food. food is really impoant. it is a chickenood. we also like the facit has meet because it is hydrating for your pets. when you get to a city, can be stressful when you're traveling. your pet will get a protein boost, what food hydrates your pet. gerri: some hotels are very happy to have pets, very happy to have dogs. >> very happy to have pets.

even canine ambassadors. one of the most famous dogs ever that exists, is that is really, really important. you don't want to forget him. the dogs are having a good time. last but not least, people are afraid of carrying bed bugs home. lot of times it hpens you have your crate where you have for example your bag people put them on the hotel rug. i suggest you put the bag or the crate in the bathroom with your food and water bowl. this way the bed bugs won't go in your bag or your crate. also, bed dog sprait will not harm the dog and spray it on the bottom of your crate or your carrier bag.

i don't think my husnd would be happy if i came home without hannah. gerri: thank you so much for coming on, it has been a pleasure having all of you here. >> thank you for having me. gerri: coming up, don't fall for it, why you shouldn't y somebody to take care of your student loans for you. and the stat state of california seizing mortgages claiming imminent domain. next. n ne th ♪

from our fox business iewdz in new york, here, ain, is gerri willis. gerri: growing number of sates are taking another look at using imminent domain to seize underwater mortgages. now, instead of folks losing

homes to foreclosure, they buy it and cut the loan principle to match the current property value so you pay the local government. is it legal? with us now, the attorney dwien case, and liz weil. dwyaneings you say the point is there needs to be a way to force lenders to make decisions that are good for them. tell me what you ean by tha. >> well, you know, some te lenders, some of the things are in a trust, and they can't write them back by law. if they follow the trust, they couldn't do it. there's got to be a way. they want to in ot of cases write it back, and hey can't do it on their own so there needs to be a mechanism, and this just seems like a way to do it. number one, the government started this mess,and we have given -- gerri: forcedthe finger of a lot of people, my friend. >> i hve to become very clear with you, i don't like imminent domain, full isclosure because generally the federal government

cos in and takes your land, your property, your mall, whatever it is, because they need to build a road or do something, and they don't compensate you. gerri: it's the loca government that wants to run the program. >> it's worse. if local government runs it, how do we know what the caps and balances are i the local government? i'm sorry, i don't trust the idea. gerri: dwyane, it's interesting because here's what's going on here. in the name of helping people who are underwater, and i've read the, you know, in the local newspapers, the editorials where the writers say, you know, look, we have to save the commuts because other side they are going to go down the tbes. what do you think? >> ell, and they are going down the tubes, you know? you know, i got an eample. i had a client that owed 1.5 million on hs house, and he tried to settle it ith the len dore for a million, which is the 500,000 that hepid the lender which was everybody breaks even and start over again, and the lender said, no, went into foreclosure, and te lender lost

$250,000, and the house set vacant in a community, a high end community for a year and a half, and killed everybody else's property value. >> i'm sory about that, and slippery slope argument.'s the you allow imminent domain, which should be rarely used, in this context, then the next time, the next time, local governments and municipities use as the federal government use add eminent domain, go in, and take your stuff. >> it's going to be supervised by court. theovernment just dent get to go in and do whatever they want. they are going to have to et up paraters andwhat qulies. gerri: i have real estate question here. supervid by courts does not make me feel better. talk about real estate. the editorial said, look, these comnities are going do the tubes because the people are underwater, and now these particular programs are -- it's all being suggsted byacompany called mortgage resolution partners. they are the people selling the idea all over the country.

what they say is,you know, this will save those people, and the communities will be better off. how are the communities going to be better off, dwyane when at the end of the day you talk about pele who have a very difficult time even affording the house. how do they maintn prooerties? net-net, this is not a benefit for the community, is it? >> oh, absolutely it's a benefit for the ommunity. if they write that mortgage back, now these people have flexibility. they can sell their house. gerri: no, wait -- > then they can downsize. >> the government coming in in a local municipality stage and taking people eats stu, their house, is that goodfothe government? >> they are not taking the house. wait a minute. you are way off. >> no, i'm not >> they are not taking house, but the mortgage awafrom the mortgage company. >> the mortgage. >> they are not taking anybody's house. you get toeep the house, then repackage it, drop it down to where you are not underwater, and sell it to the anoher mortgage company. you can sell the house when you are done.

>> it's the con cement of imminent doe doain, a frightening thgfor people. >> i agree 100%. gerri: very fright ping. to my way of thinking, if the government takes my house, i can't think of anything scarier, but here, dwyane, is problem. here's one of the problems. soe have seen a number of federal programsto try to help out people who are behind on mortgages, underwater, who can't pay, don't want to ay, they have not worked. they have been a stunning lack of success in that categor. why would this be any differen >> well, it probably won't. i'm a free market person myself. i think free markets oughtto ke over this burks the problem is we hve gone way past allowing the free market to work. rri: a-pls for effort. >> we have to do something to help these people. gerri: do we? >> no, no, not with the govrnment. gerri: can the marketwork its way through, i mean, really. >> let's justlet all the foosures go and start

another cycle o -- >> i doesn't start another cycle, bu ends the old, doesn't it? >> a-pus for effort gerri: dwyane, you have been patient with us. thankyou for arguing the pro se on this network. i appreciate it. >> two against one. gerri: it's tough, i know. okay, thanks for coming on tonight. happy weekends to both of you. here's a question that i thougt of. do you love your job? i do, but mo of us, well, they don't. a recent gallup poll shows third are completely satisfied at work, but some cities have more happy workers than others. that list is tonight' t five, number five, washington, d.c.. they may b satisfied with the jobs, but they are not doing them. with budget cuts, nearly 700 employe are hiring. number four, salt lake city. the health care workers in the city are the most satisfied. number three, more than 4,000 employers in seattle hire, and

zillow is the best to wrk for. you know them. san ransisco, residents always seem to be happy. i lived there. i was. you have to drive an hour south to get the number one city with the most satisfied wrkers, san jose, california. it hard not to be happy when the biggest employers in the city are stanford university and google. bottom line, if you want to be happy at the job, move west or get electedto congress, i guess. still to come, tw crepts more and warning for grads and as well as mom and dad. don'go away.

♪ gerri: scamming borrowing struggling to repay student loans. that's what a new report from consumer watchdog is chargg to firms offering debt relief. some firms reportedly charging customers initial fees of up to 1600 bucks for servicethey could gt for free. wi more op this, senior vice president and publishers of e-advisers.com. mark,ha you for coming back

on the show. you know, i lok at this, and i ink here we go again. you know, we've seen these scammers just generally targeting people ho have trouble with debt, but now they are smart enough to know students have accumulated a trillion dollars in debt going after those folks. what do you think of it >> >> it's outragus. they charge a fee for something the government provides for free, and the government provides consolidation, income-based repayment, rehabilitation of defaulted loans all for free. gerri: well, let's look at what some of the folksredoing because they are charging high fees for program that are free, as you say, sellin a one-size fits all approach, the same answer for everybody, provide inaccurate information telling you things about the government programs that are not true, discouraging borrowers from handling their open cases, and focusing op sales, nt counseling how did these, i guess you would say companies, typically approach students and people with student loan debts? >> well, some advertise o tv @%th names that are similar to

the federa overnment's direct loan program. you hear these advertisements for services that the government offers,but it's as though these outfits provide the services instead of simplygiving you the federal government income based repayment plan. gerri: do you have an example of a name? >> just y googling consolidation loans or debt relief, and you'll find dozens of them. they started popping up in the last few years. gerri: unbelievable. you know, we try to avoid not talking about scams that, you know, you'd have to be stupid to fall for, but this may not be anything that -- thi ay be scam people could fall for because when you talk about students and debt, they often don't know what to do. what government programs are there outthere for people who are in over their heads? >> well, first of all, there's deferments and forbearances, temporary suspensions s of the obligation to repay the debt.

you can consolidate with the direct loan program at loanconsolidationed.gov where the monthly payment is based on income opposed to the amount you owe. if you happened to have defaulted, there's loan rehabilition progms and opportunity to settle for less than the amount you owe. all available for free from the fedeal government. >> all available for free from the federal government you know, a lot of people who watch this show don't like the ograms because at the end of the day people don't repay ebt owedded to the federal government, but for goodness sakes, don't get taken by a scammer; right? >> asolutely, and the -- i fault the federal government for not advertising the programs more. i mean, there's room for the scams to exis simply beuse the government doe't tell borrowers about all the options that are avaiable. gerri: thanks for coming on and explaning that to our viewers mark, and we'll put the websites

on our website, gerriwillis.com so people know where to go. thank you. >> thank you. gerri: on to this day in business history. in 2003, the fifth harry potter book, "harry potter and order of the phoenix" was published, and amazon shipped out more than 1 million copies, the largest distribution day of a single ite in e-commerce history. wow. with 38 chapters long, it's the longestbook of the series, total f 55 million copies sold, and in 2007, the film opened to a worldwide five-day opening of 333 # million dollars raking in close to a billion dollars in all. the fifth harry potter book, "harr potter order of the oenix" published today, june 21st, that is, just ten years ago. think longer. two cents more and fashion friday. looking at the new line of clothes desned for little girls and their big imaginations. stayith us. ♪

♪

gerri: in fashion with owner of an online shop helping girls express inividuality and express inividuality and helping a go

♪ gerri: in fashion tonight, kidswear with a twist. the online shop, polka dot, hat? allows kids to design their own leggings with their own

personality. we have the ceo of polka dot what. whht is it? >> well, it is a lekkings line for girls ages 2-10 years old, and what we do is aim to empower creativity and instill self-esteem and give back at an early age. gerri: they are so cute. >> thank you. gerri: different colors, one leg is one color, the other leg anothe color, it's sweet, and the kids pick what they want; r; right? >> yes, we offer a template for kids to go online and pick from a selection of styles and colors and prints, and all the colors and prints are given empowering names and personality traits so they can hoose on it based on who they think they are. gerri: started thisat two years ago now? >> es. gerri: on li right now, but the big success, your breakthrough is getting these duds on the bodies of celebrity kids. >> exactly. gerri: if i learned one thing

from the fashion segment, it's getting to clebrities is key to success for fashion designers. how did you do it? >> definitely. i workedded with a wonderful pr company in l.a. called good karma studios able to see my products to all the celebrities, and just by luck, i got a google alert that halle berry, her daughter was weari our unique and sweet leggings,and lou was wearing our awesome and sweet leggings here. just by luck got lucky, and it was wonderful. >> reporter: your background's in advertising, but what surprised you about running a business that maybe you had not encountered before? >> what was challenging is i started this alone. i,you know, id everythingmy myself. iidn't have atea or partner totart with. it was me running to factories, illing all the orders, and doing all the finances and fixing web errorson th site if there were any, handling customers, and so it was challenging doing this on y

own, but i have a team now to rely on and work with on a day-to-day basis. gerri: that startup is difficult. you were doing somethin interesting making goods overseas, and next year, everything is going to return to the u.s. for manufacture here. why? >> we really believe i made in america product, and, you know, obviously, supporting job growth in the u.s. as well. the great thing aboutit, you know, the first two colections were done in the u.s., and what i loved about that was the fact i went to the factory throughout the whole process, touch, feel the fabrics and correct things as w go. u know, it was tough dealing with international factories with the language and the time difrence an all that, so this is great. gerri: you need to be right there and know exactly everything that's happening. >> exactly. gerri: another interesting thing is lnchbox. >> sure, 10% of the profits go to lunchbox fund, a nonprofit organization based insouth africa and provide daily meals to school children in at-risk

areaa in south africa. what, you know, how it works is five meals are provided to these kids in these schools in south africa for every pair of leggings that are sold. gerri: that's fan tas pick. now, what is,you know, the next stage for the company? are yu goong to make tops now? we have leggings, what's next? >> well, we stard with leggings only as you can see, and now with the geat response received from parents and children and celebrities, we are going to be expanding to tops and dresses as of next yar, spring/summer 2014 #, expanding into the retail market and hopefully do some retail overseas in south africa, again, where the chari is based, and rsonally expanding the pol dot web family. gerri: you are pregnant. congratulations. >> thank you so much. gerri: on your company, and good luck with thfami. >> thank you so much. gerri: fun to see what you are doing. people will get a kick out of it

p >> definitely, thank y, appreciate it. gerri: thank you. we'll be right back with my two cents more and answer to the question of the day, do yo invest with your head or your heart? ith yr head or your heart ♪

gerri: a fox business alert for you now. the food network announcing it will not renew paula deen's contract amid the controversy surrounding the admission of using racial slrs in the past. the announcement coming about an hour after deen posd online the first of two videotaped apologies to try to repairthat damage. it all came out as a result of court documents for discrimination lawsuit filed last year by a former employee revealing deen admitted to using the"n" wor saying, yes, of cose, but it's been a very long time. the contract with he network airing three shows featuring the 66-year-old's chief expir at

the end of the month. well, after a two-day stock plunge, stocks are mch more stable today moving between small gains and losses, so do you invest with your heart or like yesterday with your head like today. we asked the question on gerriwillis.com, and 9 said heart, 91% said heart, huh, okay, i believe you. california writes just discovered your show, keep up the great work, and i'll continue to watch. thank you, wade. haik from new york says to solve the overdraft free, don't overdraft. use a credit card, a small balance in the checking account, and as you write checks, transfer that to your savings. simple, he says,david from pennsylvania agrees. easiest way to avoid fees on the debit card, have the bank set the account so if y attempt to use the debit card without the money in the account to cover transactions, the transaction is denied. wouldn't that be great? just dit that way. once i did that, i never had the

fee again. we love hearingfrom you. e-mail me. finally, you may be breathing a sigh ofrelief after the dow industrials ended higher tonight. well, 40 points higher, pain my only be beginning, and that's because the yieldon the ten-year treasury was p 40 points this week, a lot. that is a biggest rise since 2003 a decade ago. the bond story may wel be the bigger issue for most of us consumers. you know, we can sit ut the noise on stock gyrations, leave the worry to professional traders, the one who make the money on the gyrations, but you and i, we can't ignore higher mortgage rates. whether you are underwater or eager to uy, higher rates could hurt the housing recovery helping the broader econmy. one report this weekhad individual investors throwing in the ttwel on 17 # billion in bond fund investments. before you give in, remember this, the high education ever mortgage rates according to freddie mack back in early

october of 81. 18.6%. hey, things could be worse. thas my two cents more. that's all fr tonight's willis report. have a gret >> who do you trust from the leader you are supposed to trust may be can't he trusted? president obama: when it comes to telephone calls nobody's listening to your telephone calls. that is not for this program is about. charle tonight the proof the government is listening in and that's exactly what the nsa program is all about. welcome, everybody, i'm charles payne in for nei cavuto. the documts show the nsa is listening in on phone calls and collecting e-mails from ordinary americans and worse yet it is holding onto these recordings for five years. reason magazine says it is tough to