Within the past several years, the housing market in the U.S. has been booming. Home owners have watched their home equity grow as housing prices have soared high. In several areas in the US, homes purchased have doubled or tripled in value. Also in the same period, interest rates dipped dramatically, allowing a home owner to obtain a better mortgage refinance quote. During refinancing, home owners lowered monthly payments and often withdrew a portion of their home equity - through home equity loans and home equity lines of credit - to make purchases or pay down consumer debt with higher interest rates. According to the Federal Deposit Insurance Corporation (FDIC), historically low mortgage rates caused record numbers of homeowners to obtain a mortgage refinance quote and a lower payment rate. More home owners are seeking a mortgage refinance quote to obtain a home equity line of credit (HELOC). Since HELOCs offer the flexibility to draw money only as needed and the convenience of a revolving credit line, borrowers favor HELOCs more and more over closed-end home equity loans. For these reasons, many homeowners are converting the equity in their home into cash through home equity borrowing and making this kind of transaction an increasingly important part of their household finances. Obtaining a new mortgage refinance quote is the first step in obtaining a home equity line of credit that any home owners can use for home improvement, debt consolidation, or regular spending. There are several online website that can assist you in this process, such as Refinance-Talk.com which gives Free Online Mortgage Advice.