So what are we to do. Here it is end of year tax time will be upon us sooner rather than later, Christmas bills will start coming in during the next 6 weeks.  Where will I get the money for all of this. 

If you are asking these questions and have a rate that is 6.875% or higher.  You might consider refinancing now.  Rates are at year lows currently and continue to spin downward.  Now don't get too ahead and think we will see rates as low as we did during the refi boom.  I will say that you will continue to see rates anywhere from 5.5% to 6.5% depending on your program and what you want to accomplish.

Market data suggests that rates will stay strong through the first of the year.  So don't shop too long you just might shop outside of a rate thinking we will see the low 5% rates that we say in the beginning of 2004.  Lock and relax.  Then let the lender work for you.