73.6% of DC Homeowners Have Mortgages: These Cities Will Benefit Most From Falling Interest Rates

Markets with high mortgage rates, like Washington D.C. (73.6%), Denver (72.9%), Virginia Beach (70.7%), and Raleigh (70.7%), are poised for increased buyer demand as mortgage rates fall to around 6%. In contrast, areas with more outright owners, such as Miami and Buffalo, may see slower market responses. Regional differences show stronger rate sensitivity in the West and Northeast, while Southern states may experience less impact. Older populations with outright ownership contribute to these variations.