No Fear of Falling

With rates at new lows, refinance your mortgage (again!) and restash your cash

Interest rates are falling to historic lows yet again, making it harder for safety-minded investors to find decent yields. But there's a windfall in this trend for homeowners--and the overall economy. Believe it or not, it's time to refinance again. Even if you took out a fixed-rate mortgage as recently as January or caught one of the best deals in several generations when rates plunged last fall, you may be able to shave another half-point off your rate. And if you have an adjustable mortgage, now is the time to lock in a fixed rate before it rises.

Meanwhile, with bond...

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