High interests rates continue to drive up housing payments

According to a KSL.com article today, this time a year ago, the typical American homebuyer's monthly mortgage payment was roughly $2,100 with interest rates at 5% and 6%. Fast forward to today and, with interest rates now hovering around 7%, the typical monthly payment has shot up 19%, to over $2,600. Now, these are national numbers. Steve Waldrip, who is a former Utah State Legislator who’s worked on these issues, joins the show to talk about what the case is like in Utah. (See full podcast here)