So, who's been watching the mortgage rates lately? We're on a 30 year fixed at 6.75%. The housing slump has really been driving rates down. Right now my credit union has 30 year fixed at 5.875% and 15 year fixed at 5.5%. If you've been paying attention, what are your feelings? How long will they continue to fall? I think they're going to keep going down for at least the next 6 months. We're going to try to refinance when the rates are at rock bottom. If they go low enough we'll do a 15 year. With the rates going down as much as they are it's conceivable that we could go from 30 to 15 years and keep the same payment.