With mortgage rates spiking upward due to excessive government borrowing, it looks like we timed our refinancing perfectly. Going forward, a 5.1% rate (30 years fixed) is looking like it will be a fantastic deal.
Although I would like to say it was the result of my brilliance, it was largely the result of luck.
Nevertheless, anyone considering a refinancing should do it quickly. With the government idiots in Washington borrowing and spending like never before, rates are bound to go up.