The impact of these changes on the St. Louis housing market is significant, especially for first-time buyers and those looking to refinance. Lower rates can reduce monthly payments and overall loan costs, making homeownership more accessible in the current economic climate. However, even with these reductions, rates remain historically high, which continues to challenge market dynamics, influencing both buying power and inventory levels.
For a detailed view of how these rates have shifted over time and to see more specific data on other mortgage products like the 30-Year Jumbo and FHA rates, click the chart button below. This update is provided by MORE, REALTORS®, ensuring you have access to the latest and most accurate real estate market trends in St. Louis. Whether you’re buying, selling, or simply keeping an eye on the market, staying informed about current mortgage rates is crucial.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.87% | -0.09% |
| 15 Yr. Fixed | 6.12% | -0.09% |
| 30 Yr. FHA | 6.38% | -0.07% |
| 30 Yr. Jumbo | 6.98% | -0.07% |
| 7/6 SOFR ARM | 6.26% | +0.02% |
| 30 Yr. VA | 6.40% | -0.06% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of June 5, 2025. Individual rates may vary based on factors including loan amount, down payment, credit score, property type, occupancy status, and market conditions. Contact a licensed mortgage professional for personalized rate quotes.