A Consumer’s Guide to Mortgage Refinancing
"The Federal Reserve Board on Thursday announced the launch of an online resource to help consumers make informed choices when refinancing a home loan.

"A Consumer’s Guide to Mortgage Refinancing," which is available at http://www.federalreserve.gov/pubs/refinancings/default.htm, contains useful tips and answers to frequently asked questions about the refinancing process. The information provided can help consumers determine when refinancing makes sense, what a refinancing will cost, and whether it is advisable to switch into a different type of mortgage. Consumers will also learn about mortgage terms and how to calculate the time it will take to recover refinancing costs before benefiting from a lower mortgage rate."