Homeowners refinance and keep the money

As mortgage rates have dropped to their lowest levels in months,
homeowners are taking the opportunity to refinance. But rather than use
the money they’ve saved to stimulate the economy, most are planning to
hold onto the money or use it to pay off bills. Other homeowners trying
to lock into fixed-rate loans will lose out on potential savings
because the new loans, while less risky than adjustable-rate mortgages,
will require them to make higher monthly payments.