Refinancing Strategies

Now that the mortgage rates haven fallen significantly, I suspect that
it's time to start thinking about bringing my mortgage rate of 6.59%
down.  I've got 16 years left on it, so a 15-year fixed is a fine
proposition, provided that the closing costs are low.

I an thinking on starting by calling the current loan holder and
asking for a rate reduction, hopefully at no out-of-pocket cost.

The problem is that the rates are not that down, especially
considering the low Fed's rate.  What would be the best course of
action at the moment?

TIA

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators
strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond.  For all of the other tips and suggestions, see "FROM
THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on
the
Newsgroup.