with chris wallace and republican rand paul challenging democrat jack conway on whether or not he supports president obama s agenda. check it out: he needs to do is, defend his president or run away, and so far he s running away from president obama and the agenda. look i m a democrat and a proud democrat and i will not be to the left of barack obama and will put kentucky first. martha: conway says he opposes the president on cap-and-trade legislation, to encourage businesses to reduce greenhouse gas emiss a mismissions and tha, big issue in kentucky where the coal industry employs thousands of people and paul is against cap-and-trade and accuses conway of flip-flopping on the issue. bill: fox news alert, on the economy, now, and, brand new economic indicators, just into america s newsroom on home sales. rising for the month of august. signed contracts to buy a home up 4.3%, according to the national association of realtors and still that is 20% lower than they were a year ago
in other words, people just aren t buying homes that often right now. that means developers are building fewer houses. after hearing all of that, you may be surprised to hear that mortgage applications actually jumped last month. i m not so surprised. they are at a crazy low. adam shah-mile-an-hour row at the fox business network with us. why the disconnect? is it just the low rate. it is the low rate. you hit the nail on the head. the other issue is refinancing. there is a surge of refinancing activity. 82% is refinance. shepard: some adjustable rate mortgages coming due. make a change now. i wonder down the road what does this mean down the road all this rephi. you could be freeing up money for people to spend into the economy. get a 30 year fixed mortgage now according to the mortgage banker s association at 4.55% and 15 jeer 3.91%. even after the report on home sales, stocks in home building companies went up. what s that? toll brothers finally returned to profit, the luxur