Are you a St. Louis homebuyer feeling overwhelmed by rising mortgage rates? You’re not alone. But there’s a silver lining to this cloudy market.

The mortgage landscape has undergone a dramatic shift in recent years. Millions of homeowners locked in ultra-low rates during the pandemic, creating a market imbalance. However, this trend is starting to reverse, offering potential benefits for future homebuyers in St. Louis.

What’s Happening? Since 2022, over four million new mortgages have originated with rates above 6.5%. This means the average mortgage rate is climbing, bringing us closer to a more balanced market. As rates normalize, several positive outcomes are expected:

• Increased Home Inventory: Homeowners with higher mortgage rates might be more inclined to sell, boosting the number of homes available for purchase.
• Refis on the Rise: As rates gradually decrease, homeowners with higher rates will have opportunities to refinance and potentially lower their monthly payments.
• Market Stabilization: A more balanced market can lead to more predictable home prices and interest rates, making it easier for buyers to plan and budget.

How Can Carlson Mortgage Help? At Carlson Mortgage, we understand the complexities of the St. Louis housing market. Our experienced team of mortgage brokers is dedicated to helping you navigate this evolving landscape. We offer:

• Personalized Mortgage Solutions: We’ll work with you to find the best mortgage product to fit your financial goals and needs.
• Competitive Rates: We leverage our strong relationships with lenders to secure competitive interest rates.
• Expert Guidance: Our knowledgeable team will walk you through the entire homebuying process, from pre-approval to closing.

Don’t Let High Rates Discourage You While current mortgage rates may seem daunting, it’s essential to take a long-term perspective. The market is dynamic, and conditions can change rapidly. By partnering with the right mortgage broker, like Carlson Mortgage, you can position yourself for success in the St. Louis housing market.

Contact Carlson Mortgage today to schedule a consultation and learn how we can help you achieve your homeownership dreams.

happy couple standing in front of their new St. Louis home

Need help navigating your homeownership journey? Contact Carlson Mortgage today for expert guidance on mortgages, refinancing, and home equity options tailored to your specific needs.

Ready to find your dream home? Contact Carlson Mortgage, your trusted St. Louis mortgage broker, for a free consultation. Call or text us at (314) 329-7314 or fill out our loan application at www.carlsonstl.com/apply.