Mortgage refinancing is one of the most widely used financial strategies among homeowners in the United States. By replacing an existing mortgage with a new loan, homeowners may adjust their interest rate, change the loan term, or access home equity. Refinancing activity often fluctuates depending on mortgage rates, housing prices, and broader economic conditions. Florida has one of the largest housing markets in the United States, with more than 10.6 million housing units and a median home value of approximately $359,000, according to the U.S. Census Bureau. Homeownership levels in the state remain relatively high. Census data indicates that Florida’s homeownership rate reached 68.4% in 2024, reflecting strong demand for housing across the state. Because many homeowners carry mortgage debt, refinancing plays a major role in household financial planning. Mortgage refinance demand often depends on interest rate conditions. Mortgage rates rose significantly during 2022–2023 but have moderated somewhat since then.…