Not sure what you mean by free. But there are time time frames where you are barred from refinancing (not within 6 months of closing on a mortgage - including t

Not sure what you mean by free. But there are time time frames where you are barred from refinancing (not within 6 months of closing on a mortgage - including the refi, so you are in a timing the market kind of situation), and the fees (appraisal, closing costs, origination, points, etc.) that go along with refinancing are usually pretty steep.