'Kind of crazy': Mortgage rates soar, hurting housing affordability

What happened

Mortgage rates in Utah have reached 7.28%, the highest since October 2022, leading to a 6% drop in mortgage applications and making homebuying more expensive.

Timeline

1. Oct 2, 3:45 AM KSL 'Kind of crazy': Mortgage rates soar, hurting housing affordability
2. Oct 2, 11:00 AM KSL News (YouTube) Mortgage rates soar, hurting housing affordability

Written by Utah Relay from the reports below. The reporting belongs to the outlets named; follow the links for their full stories.