Scott Turner, the U.S. secretary of Housing and Urban Development, toured Hunt, Texas, one of several Hill Country communities impacted by the catastrophic Fourth of July floods.

The U.S. Department of Housing and Urban Development (HUD) announced that foreclosures on Federal Housing Administration-insured single-family mortgages will be placed on hold for 90 days in the Kerr County area due to recent flooding.

With mortgage rates still at historic lows, refinancing can save a home owner hundreds of dollars a month. So, why aren't more people doing it?