Please use Subprime Blogger to get your daily mortgage rates news.  There are also several articles providing information on the interest rate forecast.

When deciding to refinance getting the best rates available is extremely important.  One of the top searches on google for refinance is “refinance best rates.”  The best rate that you can get is solely based on your current financial status.  If you have a very good credit score and your home has increased in value since you bought it, you are likely to get a lower refinance rate than home owners who do not have that luxury.  I would strongly suggest you get a very up-to-date appraisal value before you think you owe less than what your home is worth.

Another thing to consider when looking for the best rates when refinancing is the closing costs.  If you are not going to better your current mortgage rate by at least one full percentage point, it is often not worth it to refinance due to the closing costs.  I would imagine that some of these closing costs have gotten a little out of hand with the current economy.  Mortgage lenders are doing everything they can to make a few extra dollars, so adding a few administrative fees onto a mortgage would not surprise me at all.

Overall, the best refinance rates are dependent on your financial situation.  If you feel you have done very well in making sound financial decisions, you could get an extremely low rate that will save you thousands of dollars over the course of a mortgage.