Stocks Surge to Record Highs

Job numbers getting better as home and car sales contribute to a soaring stock market.
1:15 | 07/12/13

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Transcript for Stocks Surge to Record Highs
the developing story involving EVERYONE'S 401(k)s IN THIS Country. The dow opening this morning after a brand-new record high. Good news for your retirement. But what's with the new headlines this morning involving mortgage rates and gas prices? I want to bring in betty lou, our newest contributor. Thank you for being with us. If you were lucky to have $10,000 this year, you would be up $2,000. Easy money to be made in the stock market. Three, big reasons. Number one, you have the country adding jobs. Companies are adding jobs here. Number two, home sales, car sales, they're improving. And the third thing is, help from fed chairman, ben bernanke. He keeps stimulating the economy. And that's helping the stock market. That helps to keep mortgage rates low. But a two-year high for mortgage rates. Already your payment is so different from six months ago. What do you do? A big concern for homeowners. They've seen interest rates go up by 1%. A 1% increase can make the cost of a house 10% more expensive. And so, if you're looking to buy a home, you're looking to refinance, you better get it now because the rates are likely to continue to increase. And you're going to follow the headline about gas prices for us, too. Up 20 cents in the last 2 weeks. That's right. Betty liu, thanks for being with us. Now, to the latest on deadly

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