Refinance your mortgage to the lowest fixed rate possible for your situation. Remember you can’t time the market. Savings accounts, money markets and bonds are for liquidity. These holdings over the long term lower your portfolio’s standard deviation and allow you to stay fully invested in equities.

From the Warren Buffett annual newsletter – More money has been lost chasing yield (higher return on cash) then has been lostat the point of a gun.

Enjoy the current return on equities but remember it was your savings accounts, money markets, and bonds that gave you the confidence to stay invested through the equity market’s wild ups and downs.