How can you say that? I think the majority of people around my area are making about the same income. But alot of them are benefiting from increased discretionary income by refinancing their mortgages. I just sent a friend/neighbor over to Sheldon who was paying 5.875 on a 600K loan. He’s a biotech guy who was busy at work and not paying attention to rates. His payment is going down around $600/month!!!