In Summer of '03 I refinanced to a 15-year at 4.5%...
That's pretty good. My wife and I bought our first house last July, and we're on a 30-year fixed mortgage at 4.70%.
We like getting calls from mortgage solicitors offering to help us "refinance & lower our payments!"
We politely tell them our current rates, and they usually reply with an, "Oh. We can't beat that."...Click.