6 ways to pounce on low interest rates
Refinance your home
If you want to get out from under an adjustable-rate mortgage -- and you aren't upside-down on the loan -- now is a good time to switch to a fixed-rate mortgage. Use an online mortgage calculator to figure how much you'll save with the new rate. While you're at it, look into refinancing your 30-year mortgage into a 15-year loan so you don't inadvertently add many years of interest payments to your mortgage.