For buyers and sellers in the St. Louis area, these changes could influence decision-making processes. Lower rates may encourage buyers to enter the market, hoping to capitalize on the decreased borrowing costs. Conversely, sellers might find a more active market, as lower rates can increase the pool of potential buyers qualified to purchase their homes. These dynamics underscore the importance of staying informed on rate trends, especially in a fluctuating economic environment.
For a more detailed analysis of how these rates have changed over time, potential homebuyers and sellers are encouraged to click the chart button below. This information has been provided by MORE, REALTORS®, ensuring that stakeholders in the St. Louis real estate market have access to current and relevant mortgage rate data to make well-informed decisions.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.77% | -0.04% |
| 15 Yr. Fixed | 5.98% | -0.04% |
| 30 Yr. FHA | 6.28% | -0.06% |
| 30 Yr. Jumbo | 6.87% | -0.03% |
| 7/6 SOFR ARM | 6.39% | -0.06% |
| 30 Yr. VA | 6.29% | -0.06% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of July 10, 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.
