This was the year that Clark – and many economists – figured that it would finally not be a good idea to refinance. But today, one out of two people could benefit from refinancing their mortgage. That’s because interest rates that the federal government does not control are defying all predictions. Ten-year treasuries are now selling at 3.9 percent. And that rate is what sets the rate for mortgages. So, if you took out a 30-year loan, you could get a 5.5 percent rate on your loan if your credit is good. You will pay about 5.8 percent for a 15-year loan. That’s fantastic! It’s not a biggie if you are not going to be in your home long. But if you’ll be there a while, you want a fixed loan. As for car loan rates, they were rising and have declined some, but you can still get about 3.5 or 4 percent. The odd thing is that adjustable rate mortgages are going to move higher than fixed rates. So what about savings? CD rates have shot up recently, but they’re coming back down now. It’s a good idea to purchase Series I savings bonds instead. They are earning 4.8 percent right now and you can keep these for up to 30 years. Learn how to buy them at savingsbonds.gov. You can buy online and be on your way.