No one alive in today's real estate industry has ever seen mortgage interest rates so low. But for thousands of Sacramento-area homeowners, that's all but irrelevant.
From rural Winters to suburban El Dorado Hills, those who need most to refinance into today's cheaper rates simply can't. They're out of work. They owe more than their houses are worth. Or they have damaged credit scores from falling behind on their house payments. Read more: http://www.sacbee.com/2010/08/12/2953498/home-front-low-interest-rates.html#ixzz0wPp815yy