Who do you choose?

I been watching on the news about all the foreclosures going on and it is so very sad. They have dropped the interest rates and my hubby has thought about checking into refinancing but there are so many mortgage lenders out there who are having to cut back on the amount of loans, I just would not know who to choose? One thing to consider is every time a company checks your credit it leaves points and you have to shop around a little bit for the best deal. Personally I think its too soon since we have only had the house for two years to think of refinancing. I think our interest rate isn’t too bad. I had to think of the money we already have paid over the past few years to lose it and start again, if you sit down and figure it out, what exactly are you saving?