Over the last 10 years 802.11 technology has made remarkable strides -- getting faster, stronger and more scalable. But one problem still haunts Wi-Fi: reliability.
Nothing is more frustrating for network managers than users complaining about flaky Wi-Fi performance, spotty coverage and dropped connections. Dealing with a Wi-Fi environment that you can't see and that is constantly changing is the problem. And radio frequency interference is the culprit.

Explanation/Reference:
Rebinding would occur.
Rebinding
If the DHCP client is unable to communicate with the DHCP server from which it obtained its lease, and
87.5 percent of its lease time has expired, it will attempt to contact any available DHCP server by broadcasting DHCPRequest messages. Any DHCP server can respond with a DHCPAck message, renewing the lease, or a DHCPNak message, forcing the DHCP client to initialize and restart the lease process.
Note:
Renewing
IP addressing information is leased to a client, and the client is responsible for renewing the lease. By default, DHCP clients try to renew their lease when 50 percent of the lease time has expired. To renew its lease, a DHCP client sends a DHCPRequest message to the DHCP server from which it originally obtained the lease.
Reference: DHCP Client States in the Lease Process

Explanation/Reference:
Address Resolution Protocol (ARP) is a protocol for mapping an Internet Protocol address (IP address) to a physical machine address (MAC address) that is recognized in the local network.

Explanation:
* traceroute (tracert) outputs the list of traversed routers in simple text format, together with timing information
* Q: How is it possible for traceroute to timeout, yet the site will load fine in a browser?
If a router along the way decides to not send the ICMP error message, you will get a timeout at that point in the traceroute.
The router may pass on normal traffic, thus allowing your TCP-based http request to complete, but it may silently drop ICMP requests or errors, leaving your local traceroute process waiting and then timing out on that stop.