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If you bought a house in the last couple of years, you’ve probably been wondering, “When can I refinance?”The Federal Reserve has already made one interest rate cut, and more are expected before the end of the year. So when will it make sense to refinance your mortgage?If you’re considering refinancing your mortgage, it’s crucial to weigh various factors before making a decision. Movement Mortgage provides a helpful article, "Refinancing? Calculate Your Break-Even Point First!", which explains when refinancing makes sense and how to determine if it's right for you. While lower interest rates are a common reason to refinance, it’s not the only factor to consider.What Is the Break-Even Point?One effective way to decide if refinancing is a good move is by calculating your "break-even point." This is when the savings from your lower monthly mortgage payments equal the costs of refinancing, which can range from 2% to 5% of the loan amount. Knowing this number can clarify how long it will take before you start to s