- Housing News
- September 25, 2025
More Shoppers Took Advantage of Lower Mortgage Rates to Purchase Existing Homes
Existing home sales rose in August as mortgage interest rates dipped.
Clare Trapasso is the editorial director at New American Funding. She was previously the Executive News Editor for Realtor.com and a reporter for a Financial Times publication, the New York Daily News, and the Associated Press. She also taught journalism courses at several New York City colleges. She loves dogs, hiking and kayaking, and New York pizza.
Existing home sales rose in August as mortgage interest rates dipped.
Mortgage interest rates continued their downward slide in the last week, providing both homebuyers and homeowners with some much-needed financial relief.
Interest rates are falling. Over the course of a 30-year loan, lower rates could help homeowners save tens of thousands of dollars—or even more.
The U.S. Federal Reserve cut interest rates a quarter of a percentage point on Wednesday, much to the delight of many homebuyers and homeowners. This is the first reduction in nine months.
Homebuyers may finally be getting some relief—and increased purchasing power as mortgage rates fall. This may put more expensive homes within reach.
Mortgage interest rates ticked down slightly, making purchasing a home a little bit more affordable for buyers.
The hottest places to live in America right now are in some of the coolest parts of the country.
Many people would love to buy a home but worry they can’t afford to do so. However, it is getting a little easier to do so in many parts of the country.
The real estate market picked up a little in July as existing homes became a little more affordable for buyers.
Almost 5 million homeowners are just a fraction of a percentage point away from potentially being able to save money on their mortgage.
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