Historically low interest rates — which hovered under 3% in the last week of 2021 — have lots of homeowners wondering if they should refinance their home. And in fact, home refinance became increasingly popular last year as more Americans elected to stay in their current homes rather than enter a highly competitive home buying market. In the first half of 2021, there was a 33% increase in refinance activity compared to the first half of 2020. You may be asking yourself, “Should I refinance my home? And if I should, how do I refinance, and how much will it cost?” These are all smart questions to answer before you make your decision.