My situation is this: I refi’d their home instead of getting a traditional mortgage with a rate of 6.35ish in Sept. I am set up on a 20yr bi-weekly payment which should pay off in 17 years without putting any additional monies onto each payment (thank you to one of my friends for giving me that information about the bi-weekly payments. Saving 3 years right off the bat was very awesome…).

With the rates going so low lately should I consider refinancing in order to lower payments and/or timeframe of the loan?

RAY