Question by Quicken Loans: Home owners: with mortgage rates at 2yr lows today, have you thought about refinancing?
If not, what’s holding you back? Hope for lower rates, lack of equity, market or employment fears, or is it something else?
Answer by Rick A
Alot of them can’t as they owe more than the house is worth and they have no equity.
Know better? Leave your own answer in the comments!