Its a great time to refinance with low low low interest rates everywhere.  Many of the people I have spoken to are refinancing and shortening their loan term from 30 to 20 and even 15 years with only a small increase in their mortgage payment or no increase at all.  Others are acessing  the equity to pay for debt or to finance college for their children.  Whatever your need its a good time to do it.   I've even seen an increase in appraisals for new home buyers.  That's a good sign for us all.  Have a great day!   Joyce