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Susan Solves It: Betting on lower rates left homeowners paying the price

Susan Solves It: Betting on lower rates left homeowners paying the price
Homeowners who bought homes in recent years, betting on being able to refinance for a lower mortgage rate, didn't win big.
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  • Homeowners who bought homes in recent years, betting on being able to refinance for a lower mortgage rate, didn't win big.
  • We look at how mortgage rates haven't dipped below 6 percent since 2022, and what that means for new buyers.

"He just never showed up"

What started as a project to make a bathroom more accessible for 80-year-old Sharon Shomaker turned into a family paying for a job without seeing any work and discovering the plumber they hired had no business taking the job.

FL plumber touting 25 years experience took $1,550 deposit, but was unlicensed