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Some homeowners have been waiting years for mortgage relief. It keeps slipping away
Summary by The El Paso Editorial Desk CNN Newsource , as published by KVIA ABC-7
· September 5, 2026
· 1 min read
Photo: KVIA ABC-7 · view original
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Summary created by The El Paso Editorial Desk — automated, rule-governed Byline on source page CNN Newsource, as published by KVIA ABC-7 Original story Read at the source Source published Sep 5, 2026 Indexed here Sep 5, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points Despite initially thinking the higher rate would be temporary, she has been paying 6. Many homeowners refinanced their loans during the pandemic when mortgage rates fell below 3%.
Some homeowners have experienced lengthy waits for mortgage relief. Patrice De La Ossa is one such homeowner who made a significant change to help her son attend college. She sold her home and moved to be closer to his university, taking on a higher mortgage rate in the process. Despite initially thinking the higher rate would be temporary, she has been paying 6.8% for over four years.
Many homeowners refinanced their loans during the pandemic when mortgage rates fell below 3%. However, some individuals like De La Ossa have not seen the relief they had hoped for.
Further details on De La Ossa's situation and the experiences of other homeowners are available from the source.
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KVIA ABC-7 reported and published this story. The El Paso selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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Category: schools Published: September 5, 2026 Source: KVIA ABC-7 Reading time: 1 min
Frequently asked about this story
What is this story about? Some homeowners have experienced lengthy waits for mortgage relief. Patrice De La Ossa is one such homeowner who made a significant change to help her son attend college. She sold her home and moved…
When was this published? This article was first published on September 5, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more schools coverage from The El Paso, or browse our daily briefing and topic hubs .
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