Refinance fatigue is a real thing

Sit down with any mortgage broker in Palm Beach this year and refinancing will come up before the kettle's boiled. It has become one of those topics where the noise has overtaken the signal. You'll hear that you 'must' refinance every two years, that loyalty 'always' costs you, that everyone you know is saving thousands. Some of that is true some of the time. None of it is true all of the time.

Here's a calmer frame: refinancing is worth considering when something has materially changed. Your rate, your circumstances, your goals, your equity, your relationship with your current lender. If nothing has changed, there's not much to chase.

The other honest piece is that refinancing isn't free in time and effort, even when it's free in dollars. Documents, valuations, settlement timing, switching direct debits. It's not painful, but it's also not nothing, and that effort needs to be repaid by a real benefit.

If you haven't looked at your loan in a few years, it's almost certainly worth a quick review. If you reviewed it last quarter and nothing dramatic has shifted, it's perfectly fine to leave it alone. Refinancing is a tool, not a hobby.