As interest rates on mortgages decline, it is a good time to consider refinancing into a lower rate mortgage or shorter term mortgage. Also, take advantage of any home equity lines of credit that are available. These lower rates can position you for the opportunities that are out there. Cost of borrowing money secured by real estate is as low as i have seen it in 20 years!
Consult with your real estate lender and CPA to determine any benefits due to these lower mortgage interest rates.