Assumable mortgages offer buyers a friendlier housing market

Want a 2.5% mortgage? It turns out there is a way to get one. It's called an assumable mortgage, and as the name implies, it allows a new home buyer to take over the seller's mortgage and turn back the clock to a time when rates were much lower. But buyers should still be prepared to pay in time and cash.

NPR’s personal finance reporter Stephan Bisaha reports.