Plausibly Live! - The Official Podcast Of The Dave Bowman Show

Over the past few months, in increasing desperate sounding letters, eMails and phone calls, my mortgage company has been begging me to re-fi my house. Or… even if I want to sell my house and maybe even buy a new one? As it turns out, there is a reason for all this unseemly begging. I happen to have a good bit of equity in my house and I also have a locked rate of 2.5%. There is a shortage of houses on the market while mortgage applications are up 10% year over year. In essence, it’s a sellers market. So why is it that I… and millions of other Americans are not selling or at least getting a refinance? It’s the economy, stupid…