We just hit 3.69 on the 30 year fixed

We just hit 3.69 on the 30 year fixed mortgage product today. People are making noises that it will go even lower to 3.5% in just a few days. Truly the lowest I have ever seen in my 24 years in the industry.

Greece is offering 32 cents on the dollar to their credit holders in order to avoid default- the credit holders are debating the offer - the stock market is suddenly rising - Fannie Mae came out today and announced the sudden and drastic improvement to the housing market - Unemployment numbers are so skewed that no one can count them accurately any more - The 15 million people in the nation with underwater mortgages are totally confused as to why they are underwater now with all this good news just booming. The military defense budget has been cut enough that 1 out of 3 vets are unemployed right now.

What's happening with all this media attention to numbers that seem to be skewed to show improvement in the country when the average, unemployed, about to be evicted from his home, can't find a job for three years, regular Joe can't seem to see it?

It is an election year.