Have you been part of the refinance frenzy that has fascinated the US in the last five years? If not, you should consider it. Refinancing for lower mortgage rates has saved millions of homeowners billions of dollars. Most people take money out of their equity, but you can just save money or shorten the length of your loan. The interest rates are really the driving force of the refinance trend. If you want to find out what the current refinance rates are you have a couple of options:

1. Check the internet. Many sites list current refinance and mortgage rates free of charge and many of them even offer a refinance or mortgage quote at the same time.
2. Check your local newspaper and stay informed of any major interest rate fluctuations.
3. Develop a long term relationship with a mortgage broker. Mortgage brokers will call you when there is a change in the interest rates or a new program that might fit your refinance requirements.