As mortgage interest rates stay stubbornly above 6%, all-cash offers remain highly attractive, particularly at the two extremes of the market: the most affordable and the luxury segments. Nationally, roughly a third of all homes sold during the first half of 2025 were paid for in all cash, down just 0.6% from the same period a year ago, according to a new report on all-cash trends from Realtor.com®. Cash had its biggest moment at the height of the COVID-19 pandemic, when competition among buyers reached a fever pitch and many shoppers resorted to making all-cash offers as a way to win bidding wars. That’s because cash buyers typically can come to the closing table faster and sidestep appraisal or financing contingencies—an attractive proposition for sellers looking to seal the deal as quickly as possible. Additionally, as mortgage rates began climbing in mid-2022, cash offers emerged as a way for deep-pocketed buyers to dodge steep borrowing costs.
Source: realtor.com
Mortgage Rates
Move Down
The 30-year fixed-rate mortgage increased again this week but remains below its 52-week average of 6.71%. The last few months have brought lower rates and as indicated by the recently reported increase in pending home sales, homebuyers are feeling more confident to get into the market.
