30-year mortgage rates just hit a 3-year low at 5.99%—quite a shift. The timing matters here: this happened right after the federal government announced a $200B plan to purchase mortgage bonds. It's an interesting moment for capital markets. When governments start injecting liquidity into specific asset classes, you typically see ripple effects across different markets. This kind of monetary intervention tends to reshape investor behavior and risk appetite more broadly. Worth watching how this plays into the larger macro picture and what it means for different asset classes in the coming months.