I just took out my first mortgage on a home. How long do I have to wait before I can refi for a lower rate?

Brice asked: With the average mortgage rates dropping, I am wondering if there is a minimum amount of time you have to pay on your mortgage before you can refinance? 1 year?

How long will mortgage interest rates continue to drop?

nmlady20022002 asked: I am going to re-finance my interest only mortgage and need suggestions on when to lock in an interest rate. How long will they continue to drop?