Reply #77: Very small % according to research...

[Pachamama]

Sure, maybe 5% of the population that refinanced can claim that they refinanced, lowered their monthly payments and then took out Home Equity loans/line of credits and didn't touch....Ask any banker, or economist - Americans are spending their home equity as fast as they get it and are gambling it on its continuing increasing or stable value...when those people's houses are worth less than their outstanding debt - that spells T-R-O-U-B-L-E...

Lucky you and me if we are that 5%...but falling home prices and foreclosures affects everyone...