blue,
For your Remington M700 (or winchester, or mauser), I would first remove the bolt and clean it thoroughly using a good solvent (paint thinner, lacquer thinner, acetone, etc. Do the same to bolt contact surfaces inside the receiver: the bolt raceways and locking lugs. Dry with clean rags. Do not use an oil-containing solvent such as kerosene or gasoline. The idea is to degrease the camming surfaces down to raw steel. Be careful not to get any solvent on the stock, as they can ruin some finishes.
If you have some molybdenum disulphide ("moly-D") gun grease, use it. If you don't, a cheap source is a tube of automotive wheel grease marked specifically, for "high pressure, high heat applications" and containing mody-D. This is a "miracle" lubricant and has the real benefit of burnishing high pressure contact points. Apply a dab of moly-D grease to the firing pin (striker) cam and it's cocking cam on the bolt body. Lightly lubricate the bolt body and locking lugs. Reinstall bolt in rifle, and work the action several hundred or a thousand times without dryfiring. Let the firing pin down each time by holding back the trigger as you close the bolt. This will exercise the came surfaces. It might take several evenings in front of the tv set or while listening to your family. Clean bolt again, and lubricate all contact points with moly-D grease, and reassemble rifle. The action should be much smoother now, or at lease APPEAR to be from all the exercise!
HTH
John