@Michael, I wonder if you noticed that this question was from over two years ago? I am also pretty certain that most mortgage professionals would rarelly counsel a home owner that they should absolutely refinance without knowing the pertinent facts of the transaction. There are a great number of questions that i would have to clarify prior to answering this, or any, consumers questions regarding financing. Ultimately, the answer lies in the borrowers goals (short and long term) and a thorough comparison of the numbers. I can think of a lot of reasons why it may not be a great idea for any homeowner to refinance, as well as many reasons why they should. In every case, however, I let the facts and the borrowers goals make that determination...not a universal battle cry to "Refinance now!!!". Much like the much over used response to the question "Should I buy or sell real estate now"...The answer is all to predictably "YES". I question motive when answers are given prior to knowing the facts. Nothing personal, I just think there is much more insight needed when counseling consumers on mortgage financing.