Assumable mortgages are easier to find in these cities — but the lower-rate home loans come with strings attached

Assumable mortgages, or home loans that pass on their mortgage rate from a home seller to a buyer, are considered an attractive option these days: They effectively allow buyers to inherit a far lower interest rate at a time when mortgage rates are higher than 7%. And while these loans are relatively hard to find overall, prospective home buyers are most likely to find them in real-estate markets where there is a substantial military presence, according to a new report.The report, from Realtor.co