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Higher mortgage rates squeeze Utah buyers as builders offer incentives

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Higher mortgage rates squeeze Utah buyers as builders offer incentives
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Utah News spotted this story published October 14, 2026 at KJZZ. Full coverage may follow as more sources report.

Rising mortgage rates are reducing what some Utah homebuyers can afford, but buyers may find opportunities in a slower market, particularly among new construction. Al Bingham, a loan officer and mortgage expert, feels that the recent rise in rates has caught many prospective buyers off guard.