The economy continues to prevent people from making important key financial decisions. Many who would otherwise be ready to place their house on the market with the intent to move have become basically paralyzed in their decision-making process.

There are a plethora of life changes that spark homeowners to consider relocating, whether that relocation is across the street, across town or across the country.

Some primary reasons for wanting to move include:

• Their current house has become too small.
• They want the children to go to a different school.
• A new job location has create an extensive commute.
• It's time to remodel.
• They have a 2-story and want one level, or vise-versa.

Normally, any of these would be enough to immediately say, "Let's move!" But it appears that currently, more are choosing to stay where they are. According to Mortgage News Daily, The Mortgage Bankers Association reported last week a huge increase in applications for refinancing.

These refinances showed more than a 23% jump - the largest since January of 2010! Does this mean more people are choosing to stay put and just wait it out? Are they choosing to add on rather than purchase something larger? Is the commute a better alternative than taking a loss on their current house? Does it make more sense to remodel rather than move?

How about you? Have you faced this decision and chose to stay in your current home?

Whatever your choice - move or stay - working with a professional mortgage broker will make the process easier, and you'll also be able to learn of the many options available.