[ColdNoMore]

Depending on how far mortgage rates fall, some people may be looking at financing/refinancing their homes...and taking a lot of equity out.

Particularly for those people whose retirement is mostly in a defined contribution plan...and not a solvent defined benefit plan.

A 70-80 year old that takes out a 30 year mortgage, uses the money to buy more stocks at the lowest level in years, or just have the cash as a buffer for uncovered medical expenses...might not be a bad option.

I, for one, have a lot of empathy right now for those who aren't fortunate enough to have a solid and well-funded...defined benefit plan.

Because the scary part is, that a lot of the old defined benefit plans are heavily invested in stocks...so as to maintain that defined benefit for retirees.

Here's hoping we all pull out of this in good shape...and soon.