Since the housing bubble burst in 2008, the real estate market has typically been in the buyer’s favor.  Fortunately for sellers across the United States, record low mortgage rates have been noted for rising home prices.  It may be too early to call it a market recovery yet, but it is definitely a sign of good things to come for St. Louis homeowners.

We actually have the Federal Reserve to thank for being committed to keeping interest rates low, making it possible for sellers to offer their home at a fair market price.  How exactly do lower interest rates help your home’s value increase, you ask?

As a homebuyer, lower mortgage rates means that you can increase your overall budget during your search for your dream home.  Because home prices are measured based on homes sold, with bigger budgets and lower rates, home prices begin to not only rebound but rise.

With home prices on the rise, there is no better time to buy a home than now.  If you are ready to start your journey towards homeownership, contact the St. Louis mortgage professionals at USA Mortgage today to get preapproved for your home loan!