Is today a good time for refinancing a home loan?

I live in Texas and bought a home 19 months ago with a 6.0 interest for 30 years and almost none downpayment. I have an oustanding credit score 730 or so.

When is a good time to refinance?

If it is a fixed rate loan and you have no equity, now is probably a bad time. You won't save enough to justify all of the costs. I would suggest trying to pay off more to get rid of the PMI if you have to pay it.

See what kind of refinancing rates you can get. Try using http://Refinance-Today.info to get refi quotes from all the major lenders.

go to www.zillow.com and find your value. you need equity.