A refrigerator having freezing and refrigerating compartments and a refrigerating H.M. cycle and a control method therefor, comprises a compressor for compressing refrigerant, a condenser for condensing refrigerant, a capillary tube for expanding refrigerant, a first evaporator mounted in the refrigerating compartment and a second evaporator mounted in series to the first evaporator in the freezing compartment; the freezing and refrigerating compartments divided from each other to be cooled, separately, a first fan mounted in the refrigerating compartment to circulate air passing through the first evaporator, a second fan mounted in the freezing compartment to circulate air passing through the second evaporator, and a control portion for controlling the operation of the compressor and the freezing and refrigerating fans, thereby performing both compartments to be maintained at the constant temperature.