# Interest Rate Cuts Benefits Realized: Monthly Mortgage Payments in These 10 U.S. Cities Experience Big Dump

The Fed's interest rate cuts are really effective. The 30-year mortgage rate has fallen from 7.19% in 2023 to 6.27% now. In two years, some homebuyers in certain cities can save a lot of money each month.

According to the latest data from Zoocasa, comparing the median house prices in September 2023 and September 2025:

**Top 3 of the most cost-saving:**
- North Port-Sarasota, Florida: **Monthly payment reduced from $2,848 to $2,278, saving $570** (annual savings of $6,840)
- Cape Island - Fort Myers, Florida: **Monthly payment decreased from $2,382 to $1,904, saving $477**
- Durham-Chapel Hill, NC: **Monthly payment dropped from $2,688 to $2,289, saving $399**

Other places that made the list include Denver, Austin, Dallas, Tampa, Lakeland, and Portland. The combination of interest rate cuts, increased inventory, and slowing housing price growth has led to a sharp decline in home purchasing costs.

To put it simply: if you wanted to buy a house two years ago but were discouraged by interest rates, now it might really be time to consider it.

*Data as of September 30, 2025, based on a 20% down payment and a 30-year fixed loan calculation*