I'm in the process of refinancing my house at a 3.875% rate on a 15 year conventional fixed-rate loan... should be finalized before Thanksgiving. The resulting monthly payment is actually going to be LOWER than my current 30 year loan at a 6.625% rate - in addition to lowering my total interest paid (over the course of the loan from around 250,000 to just about 50,000! The final reason we ended up going with the 15 year over the 30 year (4.375) was that I really liked the idea of paying almost 3 times as much to principal each month vs the 30. Based on the history of mortgage rates, I think this is an amazing time to refinance and am just curious if anyone else here is going through this process, how its going for you, and what kind of deals you're getting. Now, if only the value of my house would start to rise again! I fear it might be headed in the other direction some more before this is all said and done.