The refinance market is quietly reviving, especially in jumbo and conventional loans, driven by strategic timing and data analysis rather than just low rates. Borrowers increasingly seek cash-out refinances for financial repositioning, not lifestyle spending. Brokers with access to flexible wholesale programs can offer tailored solutions beyond retail lenders. Success depends on proactive portfolio monitoring, understanding borrower behavior, and aligning with multiple lenders to navigate rate volatility and borrower hesitation effectively.