Mortgage costs are up $1,000, yet Salt Lake homes still selling in just 5 days

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Mortgage costs are up $1,000, yet Salt Lake homes still selling in just 5 days
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Home price increases continue to be mind-boggling while high mortgage rates are only starting to cool the market, according to the latest spring data on Utah and the nation's housing market.

"Sales were down 16%, and I think that's due to the 5% interest rates, to the higher prices, so we're hearing people can't qualify now.

"Sales were down 16%, and I think that's due to the 5% interest rates, to the higher prices, so we're hearing people can't qualify now
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