It is time to take advantage of the low interest rates for home owners that have an interest rate that is a point higher than the current range of 4.5% to 4.875%.  If you are looking into refinancing you should be able to improve your interest rate at least by one point to make it worth your time, effort and costs.  By refinancing you are increasing your cash flow and we all know that it is very important to have a positive cash flow.  It may take a little longer now to have your refinance go through because there are a lot of other people getting on the refinance band wagon.  Rates should stay at this all time low so that you can take advantage of a refinance throughout 2009.  Call today to start the refinance process on your Arizona home mortgage.