[gt350mike]

My wife and I have been watching the mortgage rates over the past few weeks and when she told me the other day that 15 yr rate was 4.25 I told her "You mean 4.75....." so after a brief discussion I called our mortgage broker and she said that it hit 4.25 a few days ago but its been hovering between 4.375 and 4.5 for 15 yrs. I know there isn't much difference between 4.25 and 4.375, but I wanted to see what y'all thought about the current mortgage situation and whether or not I should pull the trigger to refinance.
I can think of a few good arguments for 15 and a few for 30, but with the market being so flat I'm wondering what is the smart move.

FYI - Housing pricing in Huntsville is actually stable and in most cases, increasing. Our current mortgage has 27 years left at a rate of 6.0.........we don't have any plans to move for a LONG time.