2022 home buyers Steven and Katherine Wolf face long-term high mortgage payments due to rising rates.
Couple Steven and Katherine Wolf, who missed out on ultra-low mortgage rates during the pandemic, now find themselves stuck with high mortgage payments after purchasing a home in fall 2022. They initially believed they could refinance to reduce their payments once rates dropped, but rates have instead risen. The couple now faces the prospect of carrying the high mortgage payments indefinitely.
June 08, 2024
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