Yes, Virginia, it IS time to refinance

In the wake of the Federal Reserve's latest interest rate cut this week, home mortgage interest rates are at their lowest level in at least 37 years. Now most certainly is the time to refinance your adjustable rate mortgage into a thirty-year fixed rate product, or to refinance to reduce your current fixed rate and lower your monthly payments. Read more about this in today's Washington Post, http://www.washingtonpost.com/wp-dyn/content/article/2008/12/18/AR2008121803532.html. So delay no more! You will reap the benefit and stimulate the economy at the same time.