Lower Mortgage Rates Boost Your Buying Power September 20, 2024 Some Highlights Mortgage rates are trending down and that’s great news for your bottom line. As rates drop, your monthly payment on your next home does too. Even a small change in mortgage rates can have a big impact on your purchasing power. If you put your search on hold when mortgage rates were higher, think about how much you could save now that rates are coming down. Post navigation Falling Mortgage Rates Are Bringing Buyers BackIs Your House Priced Too High?