6 mth seasoning after a cash out refi for a $536k loan

[William Wong]

I needed to do a cash out refi in order to consolidate my second loan into my primary loan.  If the rates were to drop significantly in the next 6 months as I believe they will, I plan to do a rate n term refi in the next 6 months but my broker refused to do my first cash out refi if I plan to refi within 6 months. Another competitor told me he can do it. I am trying to figure out who is telling the truth. Please help. Thanks in advance!

[Randy Gillespie]

Out of curiosity, why do you expect rates to drop significantly in the next 6 months?  Given that the Fed just raised rates, a significant drop in mortgage rates in the next 6 months seems unlikely, no?  I've been expecting them to either rise a bit or at best remain flat.   But I'm far from an expert. Would be interested to hear what others think.