[quote=The-Shoveler]Once rates start to go up the time between refinancing could be maybe 15-20 years?[/quote]

Once rates start trickling up, I can’t think of a reason for me to refinance my primary. Although my outstanding loan amount would be less, and refinancing at a higher rate would only lower my monthly payments at the trade off of restarting another 15 or 30 year loan and paying more at the end of the term. Hopefully if things work out well, I’ll be done with this mortgage anyway.

Refinancing a rental for a cashout to buy other things or taking out a new loan to buy another primary, is something different though. That, I guess, would depend on the current market rate for mortgages.