[Blueface]

I believe in refinancing to reduce interest payment, not mortgage payment.
I have refinanced my home three times in 14 years.
Twice it reduced my mortgage payment due to interest savings.
The last time was for what was the lowest rate at the time of 5.75% and go from a 30 year to a 15 year, which actually increased my payments a bit.

I was actually considering doing it again as I have been offered a 3.9% for 15 years but at this point in my mortgage, I am just better off sending additional payments as my goal is to finish paying the home off in the next four years.
Gotta tell you, I have been there where many often are with 30 years of payments ahead of them. I assure you there is no better feeling in the world than to know you have four years to go and about the same of an average car loan nowadays. Oh what a feeling!!!