Couple buys home in fall 2022 expecting to refinance at lower rates, but rates increase instead.

Couple, Steven and Katherine Wolf, missed out on low mortgage rates during the pandemic and purchased a home in fall 2022 with the plan to refinance later. However, rates have since increased instead of decreasing as they had expected, leaving them stuck with their high monthly payments. The couple had been encouraged by real estate agents and mortgage brokers who stand to benefit from their initial decision.

June 08, 2024
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