Monday, June 11, 2012

Daily Briefing for Monday, June 11, 2012

Jim Rogers.  Don't Say He Didn't Warn You.

Watch this.  It's worth it. 

Meanwhile, One Way To Help Subsidize Your Preparedness Efforts

Take a look at this this chart.  Note that the rates on a 30 year mortgage are dropping again, this time to lows inconceivable a few years ago.  I'm no interest rate prognosticator, but as the dollar strengthens, and as money comes out of Europe and into the United States for safety, we should anticipate rates will stay low in the short term....and they might go even lower than they are now. 

This is a prime opportunity to refinance your home if you haven't done so in a few years.  By cutting the interest rate, you can significantly reduce your monthly payment.  In term, you can use the savings to help build a cash reserve and to have some additional food and supplies on hand.  Alternatively, you can shorten the term of your loan (going from a 30 year mortgage to a 10 year mortgage, for example, like we did) with something close to the same monthly payment.

Rates will not go much lower.  This is a great opportunity that we may not see in our lifetimes again.  If you can refi it, do so.

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