It's well documented.  I'm a bird-in-hand guy.  If there's an opportunity today, I prefer to act on it rather than gamble for a better opportunity that may come tomorrow. 

I've learned -- often the hard way -- that tomorrow only comes sometimes but that today is always here.

This is the opposite of the Gambler Mentality that built Las Vegas.  That skyline wasn't built on winnings, after all.

Think about it: How often do people have winnings in their hands but decide to "let it ride", only to lose their chips later? 

After it's gone, the loser will usually say that they were "playing with the house's money".  To me, that's the worst excuse in the world, though.  It wasn't the house's money -- it was their money. 

I know this to be true because the person could have taken those chips to the cashier booth and cashed out 100%.  You can't do that with somebody else's money.

So, mortgage rates dipped yesterday.  The same way rates did exactly one month ago.

If you passed on remortgaging to a lower rate that day, deciding to "let it ride" with your mortgage rate, you lost money.  Rates moved higher and your "winnings" were gone, back with the house.

Well, today, is your second chance.  You've just won it all back.  Mortgage rates are back down and are skimming their lowest levels of the year (and maybe even two years).

You have two choices:

1. Stay at the table, gamble some more, and see what the future of the mortgage market holds.
2. Call your loan officer and lock in your savings with a remortgage to a lower rate.

Plainly, folks, conforming mortgage rates are low this morning.  They may go lower over the next few weeks.  Or, they may not.  Either way, you have a chance to take what's in front of you today.

You're sitting on a pile of chips right now and it's a good time to walk away from the table.

Call or email your loan officer this morning.  Or -- if you'd rather -- call or email me.  My contact information is plastered all over this blog and you'll have no trouble reaching me.  Remortgaging your home can be simple and can help lock in long-term savings.  Even a small savings each month adds up to a lot of money over the life of a home loan.

Not only would be my pleasure to help you, you'll also be donating to charity.

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Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.