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Jenna: welcome back, everyone, to this fox business alert. a huge headline today. 0 and 15-year fixed rate mortgages now at historic low. that means a 30-year fixed mortgage is now below 4% for the very first time ever. president and economist at the university of pennsylvania's warren school of business. sam, why now? why are we see these record low mortgage rates now? >> it largely reflected, jenna, that confidence in the economic outlook is fairly weak and that investors are concerned about what's happening in europe with the sovereign debt crisis, they're worried about the possibility of a...

History at this moment actually turns that on its head? it gives an opening for something like this to happen? someone with doesn't have political experience to go to the highest office in the land? >> i'm always open to unprecedented ideas and realities maybe but i'm simply saying from a historical perspective the odds are clearly against it. i think you could interpret cain's percentage, first of all as an endorsement of him. people really like him but he might be a placeholder of sorts. we've had a lot of comings and goings, mainly goings in the republican side recently and some people who ...

Tax cuts for small businesses and middle class families, tax breaks for our veterans. we will just keep on going at it and hammering away until something gets done. and i would love nothing more than to see congress act so aggressively that i can't campaign against them as a do-nothing congress. all right? thank you very much, everybody. jenna: the president of the united states speaking just over an hour and ten minutes starting with the jobs bill and ending with the jobs bill. the economy being the focus that the president wanted to stay on for the majority of that time, talking about the ec...

Led at least one national republican primary poll this year. how typical is it to see, well, such a game of musical chairs, if you will? >> it's unusual to have that many. it is actually usual as long as an incumbent isn't in the race, to have multiple people lead polls at some point. it just makes sense. people don't know all these candidates. they're getting to know them. they like some aspects of candidates x and they other aspects of candidate y. i have loads of correspondence write me take this piece of herman cain and this piece of rick perry and this piece of mitt romney together and ha...

Fall a little bit further. and not undermining any sense of energy about wanting to become a homeowner and slowing the pace of recovery in the housing market. but, ultimately, even to get an improvement there what we need to see is that the basic underpinks for command -- underpinnings for housing in the united states, and that really is jobs, needs to be much, much stronger than what we've seen over this recovery. short of reducing the supply or available stock of housing, you know, by tearing some of those homes down, and it's going to be really difficult otherwise to see demand improving. j...