Timing matters more than chasing noise.
The right time to refinance depends on your current rate, costs, monthly savings, how long you plan to keep the property, and whether the refinance solves a real problem.
Timing
Ask what changed
A refinance usually makes more sense when your goals, the market, or your current loan structure have materially changed.
Savings vs cost
Look at the full tradeoff
Monthly savings should be weighed against costs, reset timelines, and how long you expect to stay in the loan.
Decision point
Use a real threshold
Timing is clearer when you define what level of payment change, rate change, or cash-out value would make the move worthwhile.