Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Close to retirement & we may move within 7 years. Should we re-finance our mortgage, or not?
Refinance, definitely. Go for Fixed 15 years, which will leave you with the same remaining time for the loan that you have now, but a much lower interest (you can find below 4%, if you look hard enough). You might end up with lower payments and higher portion of interest to deduct from your taxes. win-win. If you're confident you're able to pay it off within 7 years, you can get an even better rate with an ARM 10/1 or 7/1.