The M3 Carl Gustav is an upgraded variant of the Army’s Multi-Role Anti-Armor, Anti-Personnel Weapons System, or MAAWS – a reusable, recoilless shoulder-fired conventional munition.
It was first ordered by the Army in response to an Operational Needs Statement from Afghanistan seeking to procure a direct fire, man-portable, anti-personnel and light structure weapon able, among other things, to respond to insurgent rocket-propelled grenade, or RPG, fire.
The latest version, or M3E1, is not only lighter, but shorter than the existing M3 but also ergonomically designed with a longer handle and better grips. These features, as well as its ability to use multiple types of rounds for firing, has led the Army to approve a requirement for 1,111 M3E1 units, service statements said.
Responding to soldier feedback, Army and Saab engineers designed a titanium updated M3E1 that is more than six pounds lighter than the bulkier M3 version. The M3E1 is also 2.5 inches shorter and has an improved carrying handle, extra shoulder padding and an improved sighting system that can be adjusted for better comfort without sacrificing performance.
The M3E1 is part of the Product Manager Crew Served Weapons portfolio, which is processing a contract to procure 1,111 M3E1s and an Urgent Material Release to field them as soon as possible, service statements said.
The new variant is “seven pounds lighter than the M3 – it can be carried safely while loaded – it has advanced fire control – and it has an adjustable shoulder rest and front grip,” Wes Walters, Executive Vice President of Business Development for Land Domain with Saab North America, told Scout Warrior.
The M3E1 is also compatible with intelligent sighting systems for firing programmable rounds.
The weapon includes an airburst capability with its High Explosive, or HE, round.
Army weapons developers say the airburst round is the one that is utilized most often because of its effective range. It uses a mechanical time fuse which is set prior to loading the weapon system.
Airburst rounds can be pre-programmed to explode in the air at a precise location, thereby maximizing the weapon’s effect against enemy targets hiding, for example, behind a rock, tree or building.
The weapon has been used by U.S. Army Rangers, Navy SEALs and Special Forces since the late-80s. In 1988, U.S. Special Forces identified a need for a shoulder-fired, recoilless rifle to replace the M67, and Saab Dynamics developed the M3, which was a likely candidate to address the need.
Earlier versions of the anti-armor, anti-personnel, shoulder-fired multi-role weapon is 42-inches long weighs 21 pounds and can fire up to four rounds per minute.
MAAWS can utilize thermal sights to provide Soldiers with the ability to shoot at night and reach the proper range.
The MAAWS is able to fire anti-tank, flechette, illumination, enhanced armor, smoke and High Explosive Dual Purpose rounds, Army developers explained.
“The High Explosive Dual Purpose round gives you two different capabilities. In impact mode, the round goes off immediately as soon as it hits the target. In delay mode, the round penetrates the target and then goes off,” a service official explained.
After the United States invaded Iraq in 2003 looking for nuclear, biological, or chemical weapons, American troops found a lot of bizarre things – toilets and guns made of gold, a Koran written in blood and Saddam’s romance novel. While they didn’t find any weapons of mass destruction, they did manage to find some weapons. Specifically, they found aircraft buried in the sand next to a perfectly good airfield.
One day in 2003, American forces near al-Taqqadum Air Base in Iraq began pulling scores of Mig-25 Foxbat fighters and SU-25 Frog Foot fighter-bombers out of the sand. The aircraft were missing wings but, for the most part, remained fairly well-kept despite being in the sand for who-knows-how-long. If Saddam wasn’t giving inoperable planes a good burial, one wonders why he would intentionally put his planes in the ground.
The answer starts with the fact that the Iraqi Air Force sucked at defending Iraqi airspace.
But they were suuuuuuper good at bolting to other countries to escape the enemy.
In the Iran-Iraq War that lasted until the late 1980s, the Iraqi Air Force could reasonably hold its own against the superior U.S.- bought aircraft flown by the Islamic Republic of Iran at the time. But Iranian fighter pilots were very, very good and Iraqi pilots usually had to flee the skies before the onslaught of Iranian F-14 Tomcats. Against other Middle Eastern powers, however, Saddam Hussein’s air power could actually make a difference in the fighting – but that’s just against Middle Eastern countries. The United States was another matter.
Iraqi pilots were ready to go defend their homeland from the U.S.-led invasion, but the Iraqi dictator would have none of it. He knew what American technology could do to his aircraft, especially now that the U.S. was flying the F-22. They would get torn to shreds. He also remembered what his pilots did in the first Gulf War when sent to defend the homeland. They flew their fighters to the relative safety of Iran rather than face annihilation, and Iran never gave them back.
Saddam wanted his air force. So he decided to keep them all safe.
(US Air Force)
At al-Taqqadum and al-Asad air bases, the dictator ordered that his most advanced fighters be stripped and buried in the sand near the airfields. In retrospect, this was probably a good decision for the aircraft. Whatever was left unburied was quickly and forcibly dismantled by the U.S. Air Force on the ground during the invasion. In trying to fight off the Coalition of the Willing, Iraq’s air forces all but disappeared.
Saddam hoped that by saving the aircraft in the sand, he could prevent their destruction and when he was ready (because he assumed he would still be in power after all was said and done), he could unbury them and use their advanced status to terrify his enemies and neighbors.
U.S. Central Command chief General Joseph Votel says he does not expect major changes in military strategy as a result of an updated assessment of the war effort in Afghanistan currently being conducted.
“I don’t envision something…that would likely lead to a major change in the overall strategy, which I believe is showing progress,” Votel told a news briefing in Washington on July 19.
Votel said his review work was more designed to consider adjustments that might be required to help Kabul reach its goal of bringing Taliban militants to the negotiating table.
As of July 20, 2018, it is reported that there have been 2412 U.S. deaths in Afghanistan since 2001.
(U.S. Marine Corps photo by Sgt. Mallory S. VanderSchans)
Media reports earlier in July stated the United States was planning to undertake a major strategy review for the 17-year war effort in Afghanistan and that U.S. President Donald Trump was frustrated by a lack of progress. The U.S. administration at the time denied that a major reassessment was planned.
Trump on August 21, 2017, announced his new strategy for Afghanistan, leading to an eventual increase in the number of troops deployed to country, and backtracking on campaign pledges to end U.S. involvement there.
Officials said Trump had authorized an additional 3,000 U.S. troops, bringing the U.S. contingent in the NATO-led effort to about 15,000, although media have quoted administration officials as saying the president was reluctant to do so.
Trump also upped the pressure on neighboring Pakistan, saying the authorities there were providing safe havens to militants operating in Afghanistan and attacking U.S. forces.
Votel cited positive signs from Islamabad, but he urged Pakistan to arrest, expel, or target the militants with military action.
“We also need to see [Pakistan] continue to make efforts to compel the Taliban to come to the table and take advantage of these opportunities,” Votel said.
Afghan President Ashraf Ghani dismissed the Taliban’s rejection of his offer of peace talks, suggesting that the militant group can still be persuaded to come to the negotiating table.
In an exclusive interview with RFE/RL’s Radio Free Afghanistan in Kabul on July 16, Ghani said the Taliban’s opposition to peace talks was not “a full rejection.”
“It’s like when you ask someone’s hand in marriage and the family of the bride says no several times [before relenting],” Ghani said, referring to a culture in which refusal is seen as a sign of humility. “In reality, it is likely that we will get a positive answer.”
The Kabul government has struggled in the past year against resurgent Taliban fighters, as well as Islamic State (IS) and Al-Qaeda militants, nearly two decades after a U.S.-led coalition drove the Taliban from power in Afghanistan in 2001.
IS and Al-Qaeda were not included in the recent government-announced cease-fires.
The Truman sailed into the Arctic Circle on Oct. 19, 2019, to conduct operations in the Norwegian Sea. After years of operations in warmer climates, leaders had to think carefully about the gear they’d need to survive operations in the frigid conditions.
“We had to open a lot of old books to remind ourselves how to do operations up there,” Chief of Naval Operations Adm. John Richardson said this week during the McAleese Defense Programs Conference, an annual program in Washington, D.C.
In one of those books was a tip for the Truman’s crew from a savvy sailor who knew what it would take to combat ice buildup on the flattop.
The U.S. Navy aircraft carrier USS Harry S. Truman.
“[It said] ‘Hey, when you get out to do this, when you head on out, don’t forget to bring a bunch of baseball bats,'” Richardson said. “‘There’s nothing like bashing ice off struts and masts and bulkheads like a baseball bat, so bring a bunch of Louisville Sluggers.’
“And we did,” the CNO said.
Operating in those conditions is likely to become more common. Rising temperatures are melting ice caps and opening sea lanes that weren’t previously passable, Richardson said.
But it takes a different set of skill sets than today’s generation is used to, he added.
“Getting proficiency in doing flight operations in heavy seas, in cold seas — just operating on deck in that type of environment is a much different stress than doing flight operations on a deck that’s 120 degrees in the Middle East,” Richardson said. “You’ve got to recapture all these skills in heavy seas.”
The U.S. Navy aircraft carrier USS Harry S. Truman.
(U.S. Navy photo by Mass Communication Specialist 3rd Class Taylor M. DiMartino)
The Truman’s push into the Arctic was part of an unpredictable deployment model it followed last year. For years, the Navy got good at taking troops and gear to the Middle East, hanging out there for as long as possible, and then coming home.
Now, Richardson said, there’s a different set of criteria.
“We’re going to be moving these maneuver elements much more flexibly,” he said. “Perhaps unpredictably around the globe, so we’re not going to be back and forth, back and forth.”
The Truman sailed through the Strait of Gibraltar after leaving Norfolk, Virginia, last spring. The carrier stopped in the Eastern Mediterranean, where it carried out combat missions against the Islamic State group and trained with NATO allies.
Last year, the British Army made headlines when it said it wanted “snowflakes” in its ranks. This year, the Army is calling on social media addicts, binge-drinkers, and anyone else who spends their time desperately searching for a confidence boost, no matter how short-lived it may be.
The British Army, as of last fall, was still thousands of troops shy of its target of 82,000 fully-trained troops, with numbers still falling as more troops leave the service among an upswing in recruitment.
In an effort to boost its numbers, the British army is pushing forward with its “belonging” recruitment drive. The latest recruiting campaign, which came out Thursday, has a simple message: “Army confidence lasts a lifetime.”
British Army unveils latest recruiting campaign: ‘Army confidence lasts a lifetime’
The video targets people addicted to the gym, bar hopping, social media, and fashion, telling viewers that “lots of things will give you confidence … for a little while, but confidence that lasts a lifetime, there’s one place you’ll find that.”
The British Army is also putting out advertisements with collage images of muscles, emoji, applied cosmetics, and so on with captions like: “Confidence can be built for a summertime or it can last a lifetime” and “Confidence can last as long as a like or it can last a lifetime.”
The latest campaign is based, at least in part, on research done by The Prince’s Trust charity in 2018 that found that roughly 54% of 16-9 to 25-year-olds struggle with self-confidence and believe that this problem keeps them from reaching their true potential.
The British Ministry of Defense, according to The Independent, says that the ongoing recruitment campaign, which began in 2017 amid a steady drop in the size of the British armed forces, has been successful.
(Photo by U.S. Army National Guard photo by: Staff Sgt. Brett Miller, 116 Public Affairs Detachment)
Last year’s British Army recruitment drive, which controversially targeted “snowflakes,” “class clowns,” “selfie addicts,” “phone zombies,” and “me me me millenials,” reportedly resulted in tens of thousands of people signing up to join. While the force fell short of its annual recruiting goals, it saw the highest number of recruits in a decade start basic training last fall.
“With the 2020 campaign we want to highlight that a career in the Army not only provides exciting opportunities, challenges and adventure but it also gives you a lasting confidence that is hard to find in any other profession,” Col. Nick MacKenzie, the head of the British Army recruitment, said, according to the BBC.
Despite increases in recruitment, a positive change for the British Army, the force continues to face retention challenges that keep it from meeting its ambitions. The British armed forces shrank for the ninth year in a row last year.
This article originally appeared on Business Insider. Follow @BusinessInsider on Twitter.
It was a regular April night around the Luttrell home near Huntsville, Texas. It had been five years since Navy SEAL Marcus Luttrell fought the 2005 firefight with the Taliban that was portrayed in the film Lone Survivor. Since then, he received a Yellow Labrador puppy to help him recover from the unseen wounds of the war. He named the pup Dasy, an acronym of the names of his fellow SEALs — the ones that didn’t survive the battle.
A shot rang out throughout the area of the house. Luttrell sprang into action, grabbed a 9mm pistol, checked to see if his mother was alright, and then ran outside to check on Dasy. He found the puppy at the end of a trail of blood.
“When I saw she was dead, the only thing that popped into my head was, ‘I’ve got to take these guys out,'” Luttrell told NBC News.
Dasy was just four years old when gunmen shot and killed her.
He then spotted a suspicious vehicle nearby and tried to sneak up on it with a 9mm pistol. When he was 25 yards away, the car left — and Luttrell hopped in his pickup in hot pursuit.
“I saw my dog in a ditch and two men standing outside the car,” Luttrell said. “I could hear them laughing.”
He called the local emergency line and warned the 911 operator that he was chasing the men who killed his dog.
“I told them, ‘You need to get somebody out here because if I catch them, I’m going to kill them,'” Luttrell told the operator, according to the Houston Chronicle.
The Navy Cross recipient stayed on with the emergency operator as he chased the gunmen across three Texas counties in a 40-mile, high-speed chase. Luttrell was still recovering from a recent surgery but it didn’t stop him from attempting to catch the fleeing suspects.
Dasy was more than just a therapy dog to Luttrell. The four-year-old dog helped Luttrell at a time when he wasn’t talking about what happened and had trouble sleeping. Dasy wasn’t just a pet, she was like a daughter to the former SEAL.
Luttrell’s pickup truck couldn’t keep up with the car in which the suspects fled the scene, but the Texas Rangers eventually stopped the vehicle, arresting two of them for cruelty to a non-livestock animal and the driver for not having a license. According to the Rangers, the shooting was the latest in a series of five dog killings in an area Luttrell describes as “the middle of nowhere.”
When Luttrell arrived on the scene, he immediately confronted the suspects, demanding to know which of them murdered Dasy. According to Luttrell, they started talking smack.
“Marcus is trained to do certain things; he fell back on his training,” a Texas Ranger told NBC News. “I wouldn’t advocate to the general public to do what he has done — to follow them at that rate of speed.”
Luttrell and his new therapy dog, Rigby.
(Marcus Luttrell via Facebook)
Alfonso Hernandez and Michael Edmonds were convicted in 2012 of shooting Dasy with a .357 pistol that night. The conviction was later upheld by a Texas appellate court. Edmonds turned on Hernandez, pleading guilty and testifying against him. Edmonds received five years probation while Hernandez received the maximum sentence, two years confinement and a ,000 fine.
Luttrell said losing Dasy was a huge setback in his life but he soon had another therapy dog in his life, another Yellow Lab named “Rigby.”
In theater, improvisation — or simply “improv” — is the art of spontaneously performing an unscripted scene. Performers might have props and/or prompts to work from, but the point is for an actor or comedian to build confidence and courage on the stage by figuring it out as they go.
We do the same thing in everyday life, reacting to and overcoming unexpected or unforeseen circumstances using the tools we have at our disposal. And the more we improvise in small ways, the more confident and comfortable we become in our ability to make quick decisions and problem solve when the situation turns serious.
Richard Dean Anderson as Macgyver.
(Photo courtesy of Paramount Television)
What would you do if your life — or the life of a loved one — was at stake and you didn’t have a weapon? The answer: channel your inner MacGyver and improvise. Utilizing an improvised weapon should never be the primary choice in self-defense; carrying a firearm along with appropriate defensive handgun training is a much more reliable option.
However, there are times when you may be without your primary defensive weapon and need to get creative. Traveling by air to a shady location and can’t take a gun or knife? Grab a cup of hot coffee from a gas station — it can be thrown in an attacker’s face should the need arise. The goal of an improvised weapon is to create distance or break contact and get away.
For some of us, the closest we’ll ever get to an improvised self-defense situation is using a shoe to squash a sinister and suspicious spider. But there are bad people in the world who are intent to do harm, and there’s no guarantee that you’ll never be a target. Confidence in utilizing improvised weapons requires the right mindset. Some would argue this is paranoia, but paranoia is a state of worry or fear — the opposite of a confident and prepared state of mind.
To gain a deeper perspective, we sought out the experts.
Clint Emerson is a former U.S. Navy SEAL and author of “100 Deadly Skills.”
(Photo courtesy of Clint Emerson)
In addition to being a retired U.S. Navy SEAL with over 20 years of experience, Clint Emerson is also the author of “100 Deadly Skills: The SEAL Operative’s Guide to Eluding Pursuers, Evading Capture, and Surviving Any Dangerous Situation.”
Emerson explained that self-defense is based on your environment and what you have access to. What you might be able to use to defend yourself at home, work, and other frequented locations should be thought about ahead of time, not mid-crisis.
“If you’re to the point that you’re reaching for anything around you to use as an improvised weapon while a threat is on you, it’s gone too far,” Emerson said during a recent phone interview with Coffee or Die. “They’re already too close, and that’s a bad day.
“You always want distance,” he continued. “If you have to pick up a baseball bat or you’re down to using your hands, things went wrong and you’re too close.”
If you don’t have a firearm in your home, Emerson suggests utilizing wasp spray or oven spray. Wasp spray can shoot a stream up to 30 feet and has the chemical strength to stop a threat long enough to allow you to escape. While oven cleaner is similar, it doesn’t provide the distance. Emerson said that the chemical agents are not natural and are therefore stronger than mace spray. He cautions, however, that this is for the home only. Carrying these as a form of self-defense outside the home could result in serious legal consequences.
In the case of close-quarter threats, Emerson recommends a pen made by Zebra, model F701, which can be found at most office supply stores. The stainless steel pen features a pointed tip and can be taken anywhere, even on an airplane. Its design and durability make it an ideal improvised weapon. Emerson said it’s important to practice your grip and defensive motions with it to better prepare yourself in case you’d ever need to use it. A solid grip combined with proper placement lend good puncture capability and can cause serious damage. Remember that the goal is to break contact and get away.
“It’s a mindset, a daily mindset that needs to become a natural part of us,” Emerson said. “We put our seatbelts on without even thinking about it — we just do it. Creating good habits now is better than being caught off guard in a bad situation or natural disaster. Staying prepared helps eliminate the element of surprise and that increases our chance of survival exponentially.”
Jeff Kirkham was a U.S. Army Green Beret who now runs ReadyMan, an organization focused on survival skills. Kirkham is also the inventor of the Rapid Application Tourniquet (RATS).
(Photo courtesy of Jeff Kirkham)
Jeff Kirkham served almost 29 years in the U.S. Army as a Green Beret. He’s also the leader of ReadyMan, an online resource for information, training, skills, and products to equip people for life, survival, emergency, and tactical situations. ReadyMan focuses on mindset, situational awareness, kidnap avoidance, escape restraints, and more.
Kirkham’s strongest piece of advice is to avoid — do everything in your power to be aware and not be a targeted victim — and the best way to do that is through training.
“The key to successful self-defense training is finding something that inspires you,” Kirkham said. “There are many great instructors out there and when it comes to training, something is better than nothing.”
In close-encounter situations, Kirkham said the best weapons are the ones we always have with us: hands, feet, knees, and elbows. Training to utilize the weapons we were born with will provide the confidence to engage the threat. Outside of that, anything in your hands can be a weapon — a pen, a book, a laptop case. It doesn’t have to be amazing, you just need to think and do whatever it takes to get away.
Everything is fair game when it comes to saving your life or avoiding injury. Kirkham classifies fingernails and teeth as secondary weapons and advised not to underestimate their power or be timid in their use. A dog can be another important asset, Kirkham said. Whether you obtain a trained protection dog or have one for a pet, man’s best friend can be a valuable protection source. Even a small dog can be enough of a distraction to buy time to escape.
To find out where you rate on the scale of preparedness, ReadyMan offers a Plan 2 Survive self-assessment. It encompasses everything from financial stability to survival situations and natural disasters and is a great way to evaluate yourself and become better prepared.
Fred Mastison is an international firearms instructor and expert in the fields of defensive tactics, firearms, and executive protection.
(Photo courtesy of Fred Mastison)
Rounding out the expert panel is Fred Mastison of Force Options USA. Mastison is an Army veteran and professional instructor in the fields of defensive tactics, firearms, executive protection, and close-quarter combatives. He also holds a seventh-degree black belt in Aikijitsu. Mastison trains law enforcement and civilians internationally.
Mastison echoed Emerson’s sentiment that when it comes down to being close enough to have to utilize an improvised weapon, things have gone too far. Situational awareness, avoidance, and distance are vital. However, when things get sideways, violence of action is key.
“If you can utilize a sharp object, like a pen, you would want to strike the face,” Mastison said. “The eyes and the bridge of the nose are very sensitive areas — if all you have are your hands, gouge the eyes or bite. The key is to do it with intent and force to break contact and escape.”
The common thread among this panel of experts is clear: situational awareness is vital. The proper mindset, training, and a clear understanding of your surroundings can help you avoid becoming a target. There are a variety of classes available for developing physical and mental self-defense tactics — seek them out. Being prepared and vigilant is crucial to our survival, whether it’s a human threat or natural disaster. It is up to each of us individually to be proactive and prepared, to be ready to protect ourselves instead of relying on someone else to save us.
This article originally appeared on Coffee or Die. Follow @CoffeeOrDieMag on Twitter.
The U.S. Air Force A-10 Thunderbolt II attack aircraft is officially about to get some surround sound.
The Air Force Life Cycle Management Center at Hill Air Force Base, Utah, on Oct. 23, 2019, awarded Terma North America Inc. a $60 million indefinite-delivery/indefinite-quantity (IDIQ) contract to retrofit 328 3D audio systems for the close-air support aircraft’s cockpit, according to a Defense Department announcement. The company is a subsidiary of Terma A/S, a Danish defense and aerospace company.
Pilots have multiple audio signals coming at them, making it difficult to discern certain radio calls and warnings. The 3D audio system will give pilots the ability to distinguish between signals and discern where they’re coming from.
Last year, the service said it had planned to award a sole-source contract to Terma to integrate the enhancement. The upgrade would “drastically improve the spatial, battlespace and situational awareness of the A-10C pilots,” according to a request for information (RFI) published at the time.
An A-10 Warthog prepares to take off from Al Asad Air Base to provide close air support to ground troops in Iraq.
(Photo by Master Sgt. Cecilio Ricardo)
The 3D audio technology has previously been used in the Danish F-16 Fighting Falcon Missile Warner System upgrade.
The A-10, which entered service in 1976 and has deployed to the Middle East, Europe and the Pacific, has also played an outsized role in Afghanistan and the air campaign that began in 2014 against the Islamic State of Iraq and Syria, or ISIS, helping provide close-air support for Iraqi and U.S. partner forces on the ground.
The latest news comes after the Air Force made another major investment into the aircraft, demonstrating its willingness to keep the A-10 around longer and boost its survivability in a high-threat environment.
In August 2019, officials announced that Boeing Co. was awarded a 9 million IDIQ contract to create up to 112 new A-10 wing assemblies and spare wing kits for aircraft that are slated to receive the upgrade. The program is known as the “A-10-Thunderbolt II Advanced-Wing Continuation Kit,” or “ATTACK.”
An A-10 Warthog takes off from Al Asad Air Base to provide close air support to ground troops in Iraq.
(Photo by Master Sgt. Cecilio Ricardo)
The Air Force estimates 109 A-10s still need to be re-winged following a previous id=”listicle-2641104178″.1 billion “Enhanced Wing Assembly” contract, which began in 2011 and completed this year.
The 3D audio work will be performed in the U.S. and Denmark, the Defense Department said.
The Air Force will use fiscal 2018 and 2019 funds in the amount of .3 million toward the effort; the work is scheduled to be completed by February 2024, the announcement states.
This article originally appeared on Military.com. Follow @militarydotcom on Twitter.
Wounded warrior Elizabeth Marks sat down with Army veteran Bryan Anderson from We Are The Mighty to talk about her journey through recovery from her injury in Iraq to eventually becoming a Paralympic swimmer.
After receiving this year’s Pat Tillman Award at the ESPYs, she spoke about the support she has received after her injury and the inspiration she hopes to provide others in their struggles.
If you’re hurting, whether it’s mental or emotional; if ever you think you’re alone, you’re not. If ever you think no one cares, I do. Please come join me behind the blocks.
The Pat Tillman Award for Service honors an individual with a strong connection to sports who has served others in a way that echoes the former Army Ranger and NFL star’s legacy.
As an Army doctor, Green served in the 160th Special Operations Aviation Regiment where he made three combat tours to the Middle East. He also has served as an airborne rifle company commander and as a top Army recruiter.
Viola cited his inability to successfully navigate the confirmation process and Defense Department rules concerning family businesses. He was the founder of the electronic trading firm Virtu Financial.
In recent weeks, Wall Street has talked a lot about the fears of a coming recession, fueled by a drop in government bond yields. The casual investor may have no idea what this means for them, but for homeowners in the military and beyond, it means now is the perfect time to refinance a mortgage.
What any potential refinancer needs to know is that the falling bond yield is pushing mortgage rates to their lowest levels in three years. In November 2018, the interest rate was steady at five percent. Eight months later, the interest rate in now at 3.6 percent and looking to fall further.
This isn’t some shady internet ad, promising easy money on Obama-era mortgage laws or new Trump-era government home loans – those certainly exist and everyone should be wary about trusting easy money. But the drop in mortgage rates comes directly from Freddie Mac, whose rate on a 30-year, fixed-rate mortgage fell to 3.6 in August 2019. The reason is that the 30-year rate is linked to 10-year Treasury Bonds. The rate of return on those bonds just fell to their lowest since October 2016.
(St. Louis Federal Reserve)
What this means is that suddenly your homeowner dollar goes a little bit further, considering the cost of taking out a new loan or refinancing an old one just dropped. According to Caliber Home Loans, a lending company who specializes in military and veteran homebuyers, the rule of thumb used to be that the interest rate for a new mortgage must be about two percentage points below the rate of a current mortgage for refinancing to make sense.
With new low- and no-cost refinancing from Caliber and other lenders, refinancing could make sense any time – especially right now, given the latest interest rates. A refinance could reduce overall interest while reducing a monthly payment. If you acted right now, you wouldn’t be alone, not by far. Falling rates boost the U.S. housing market.
It’s important to think of your home as an investment, too.
“My applications are up across the board,” said Angela Martin, a Nashville, Tenn.-based loan officer told the Wall Street Journal. “Every time the Fed starts talking is when my phone starts ringing off the hook.”
What Martin means is the Federal Reserve just cut the benchmark interest rate after a few successive rate hikes. This is when people start looking for a better deal. But be wary – lenders will sometimes employ different perks after a rate drop to entice customers to accept things like credits at closing instead of a lower rate.
For military families and veteran homeowners, look into military-oriented lenders like Caliber Home Loans. Caliber and companies like it specialize in the needs and benefits afforded to military members and veterans. Caliber is also a proud sponsor of the 2019 Military Influencer Conference, a three-day conference of service members, veterans, and spouses who work to elevate the military veteran community.
The news Vincent Jackson, three-time Pro Bowler, passed away has been tough to bear. A fan favorite both in San Diego where he played for the Chargers and in Tampa Bay where he played for the Buccaneers, Jackson electrified NFL fans with his catching skills and athletic ability. He finished with over 9,000 yard receiving and 57 touchdowns. He had over 1,000 yards in a season six times.
Beyond that, Jackson had deep ties to the military that go back to his family. Because of those roots, after his career was over, he was heavily involved in supporting the military community.
The Buccaneers released a statement stating, “We are shocked and saddened to hear the terrible news regarding the loss of Vincent Jackson. During his five seasons with our franchise, Vincent was a consummate professional, who took a great deal of pride in his performance on and off the field. Vincent was a dedicated father, husband, businessman and philanthropist, who made a deep impact on our community through his unyielding advocacy for military families.”
Jackson was born to military parents in Colorado Springs. Growing up he excelled at football and basketball but also academically. He turned down Columbia University so he could play both sports in college. Enrolling at the University of Northern Colorado, Jackson became a standout wide receiver and caught the eye of NFL scouts.
In 2005, he was drafted by the San Diego Chargers in the second round. Over the next seven seasons, he would develop into a favorite target for quarterback Philip Rivers. In 2011, after a contract dispute with the Chargers, Jackson ended up on the opposite side of the country in Tampa Bay.
He proved just as productive there, until injuries ultimately ended his career.
Both San Diego and Tampa Bay proved to be ideal for Jackson, not just on the field but off. Jackson, being from a military family had a passion to help those who served and their families as well. Both communities have a heavy military presence and Jackson used his star power to ensure that he did everything he could to advocate and help them.
How so? Here are a few amazing ways that Jackson served the military community.
Jackson was a recipient of the Salute to Service award presented by USAA in 2016 because of the work he did in the community. Jackson sponsored military families at every Buccaneers home game. He arranged for military members and their families to sit in the Front Row Fans section at Raymond James Stadium. He visited troops overseas and helped a Marine veteran get his home fixed after a disaster.
Jackson started a non-profit called Jackson in Action 83 Foundation. He organized annual baby showers for groups of local military moms. The annual “Military Moms Baby Shower” event was held in Tampa where expectant military mothers were surprised with free supplies.
Over the seven years, local military families received more than $500,000 in products and services.
Jackson wrote, “Danny DogTags” children’s books, dealing with common issues for children in military families. The book was partly inspired by Jackson’s own life as a military brat. It was a book to give guidance to military children who moved around a lot because of their parents changing duty stations. On growing up in the military, Jackson said, “It’s part of the military lifestyle of just picking up and going to a new state and new school. It’s not the easiest thing to go through, but it was a part of building my resilience and my ability to adapt, and adjust, in different, challenging environments.”
These are but a few of the countless ways Jackson supported the military. Many talk the talk, but he walked the walk.
Rest Easy 83. See some of the highlights of his career below.