Take it to a brake place and have them give you a free inspection. The brakes have indicators that make noise to warn you that the pads are low enough that damage to the rotors is about to occur. Does the noise go away when the brakes are applied hard? At any rate a free inspection will usually find the problem for you. My vote is brakes, because it has to be a rotating assembly and everything else thunks or grinds when it goes bad. Make sure nothing is stuck on your driveshaft too. My DS ran over a piece of barb wire while backing up and it got twisted around the driveshaft and was rubbing against the tunnel. He did the same thing with a pillow. It actually got partially pulled into the tailshaft of the trans.