Definition of "refi"

“With the inflation rate set to remain dampened for the foreseeable future and the credit downturn in full swing, we see a strong case for a steady refi rate throughout 2010,” said Tullia Bucco, an economist at UniCredit Markets & Investment Banking in Milan.

2009 September 1, Matthew Saltmarsh, “Price Declines in Europe Seen to Be Moderating”, in New York Times‎