Mortgage Rates.., they go up down up down...will they go lower? Lock in now or later...My husband and I have refinanced twice already!!
I have always heard that you should refinance if the difference in your current rate and the new rate is more than 1%. Also if you are in a 30 year and a change to a 20 or 15 year is nominal/affordable, then go for it.
Take a look at your finances, if you can afford to pay a little more towards your mortgage, refinancing might be for you. There are a few mortgage calculators out there that can be helpful.
refinance in 2013: