Gary, my father used to say "you cannot borrow yourself Rich"!
I have lived by this and it has served me extremely well!
I would rather be the turtle than the rabbit in the debt department.
Keep your car loan @ 3%, especially because of the fact I am finding CDs at 3.4% (+).
If you can, why not make the spread.
But, you must be careful. You must have discipline!
Having said this, if you cannot find a CD paying 3% (+), your car is a depreciating asset!
Pay it off as quickly as you can!
I would have you consider not purchasing a home until you are debt free and even then you should be able to put down 25% (+) on your home purchase.
A home is a wonderful possession, but it can be costly!
In my opinion, I feel the market as a whole has not bottomed out, mainly because fundamentally nothing has changed.
Real estate is local in nature; there are no absolutes except location, location, and location.
When you can afford it and you have cash reserves there will always be a good buy!
Bottom line: Everyone's situation is different, but one thing holds true, "it is better to earn interest than it is to pay interest"! Live within your means and will be happy, even during the hard times!
"I would rather my money work for me than me work for my money"!
p.s. Above is not given as financial advice. I am not a certified financial planner. I am an Estate Realtor of 24 years. I personally am happy not owning any publicly traded stock and feel the best place for cash is in an FDIC bank account. Also, I feel that Gold bullion, not gold stock, might be a decent hedge for what may be coming! Never buy gold unless you can personally or have someone to hold it (that you personally know).
Disclaimer: Everything I have stated is of a personal opinion and again is not offering any financial advice.