Pimco’s Crescenzi Discusses Fed Policy, Market Reaction: Video

Aug. 12 (Bloomberg) — Anthony Crescenzi, a money administrator at Pacific Investment Management Co., discusses Federal Set aside monetary policy and its potential impression on the markets. Crescenzi, speaking with Betty Liu and Jon Erlichman on Bloomberg Box’s “In the Loop,” also discusses the outlook for the mortgage refinancing market. (This is an excerpt of the full interview. Source: Bloomberg)

Refinancing My Mortgage?

refinancing

I have about 350K left to pay off on my mortgage. The housing market being what it is the value of my home has dropped not more than the 350K I have left to pay off. I am looking into refinancing to a lower rate but was told that my “Loan to Value” amount was off and I’d need to borrow more than my house is currently worth. Most lenders won’t do that.

Is this right?
Are there any other options for me?