How many refinances are you allowed during a pandemic?

Paul and Laura DePerry shaved $260 off the mortgage payment for their Rancho Santa Margarita home when they refinanced last March. Their interest rate dropped to 3.63% from 4.25%.
Then the pandemic hit, and mortgage interest rates fell to record lows. This week, the DePerry’s locked in another $240-a-month savings with a new rate of 2.88%, paying about $3,200 in closing costs.
In total, their payment fell $500 per month after cutting their interest rate by almost 1.4%.
“It makes me f