We just recently refinanced our house, interest rates are a whopping 3.75%. We had a couple of options; we could've kept our monthly payment the same and lowered it to a 15 year mortgage, or we could've kept it the same and gotten a loan for our kitchen (so we could have room for a normal kitchen table- so sick of those high stools), but we decided to keep it at 30 years and have the option to pay nearly $300 less. Sweet. A bunch of my friends have refinanced, too.
I love finding out new ways to get lower payments. By divine grace a realized that the girls qualified for super cheap health insurance- that's a saved at least $200! But with all of these saved payments we'll probably just be putting them (soon enough) to a new car with hubcaps. Because have I told you? Poor little minivan is breaking down more than it's running. Well, not quite true, but it stutters more than it runs.