10 US Cities Where Mortgage Payments Have Dropped the Most Since 2023

Mortgage rates are lower than they’ve been in years, thanks to recent Fed cuts. The average 30-year rate now sits at 6.27%, down from 7.19% in 2023, making homeownership more affordable in many U.S. cities. Read More: The Safest and Richest US Cities To Live in 2025 Find Out: 9 Low-Effort Ways To Make Passive Income (You Can Start This Week) The combination of lower rates, increased inventory, and slower price growth has helped reduce monthly mortgage payments over the past two years — and in some cities, ...