Mortgage Rates May Be Down, But Why Are We Still Broke?

According to The Associated Press and, a consumer focused mortgage research website, mortgage rates are continuing to fall, this time below 3.5 - perfect for the popular 30 year fixed loan. That is excellent news for people looking to buy or refinance!

This got us here at thinking... What other rates would we like to see drop?

Gas: This is a no-brainer. How about $2 a gallon? Wouldn’t that be nice? Who wouldn't want to fill up on a twenty dollar bill? Somebody here at (who shall remain nameless because of his age), remembers when full service gas on the New Jersey Turnpike was only $0.98 a gallon. Ahhh, those were the days.

Electricity: You've probably seen these charges on your bill before: Transmission, Distribution, Competitive Transition Assessment, and Federally Mandated Congestion. The question is: what do these charges even mean? I’m sure we’ll never know, and that is why we think these rates should go down. Plus, if electric rates go down, than we’ll have more money for our next point!

Food: Forget food at your local grocery store, I'm talking McDonald's. According to their website, McDonald's is a leading global foodservice retailer with more than 33,500 local restaurants serving nearly 68 million people in 119 countries each day. So, basically we Americans should be able to get a value meal with fries and an icy soft drink for under $5. I'm not blaming McDonald's for any of this, because I understand that the economy is suffering, and they have to pay employees, benefits, and other costs associated with the tasty goodness. I'm lovin' it; just sayin'. What can the next President do to get this done for us?

Satellite or Cable TV: According to most financial experts, satellite or cable TV can be considered a discretionary cash flow. In a nutshell, this means you don't need it. Sure, you probably don't need the extra 200 channels you never watch, but how else are you going to keep up with the Kardashians? Lower the rates please!

Beer, Wine, and Alcohol: I blame taxes. Drop the rates, nuff said.

*Sound off in our comments section below and let us know your thoughts. We would love to hear what "rates" you'd like to see drop.

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