For potential homebuyers and sellers in the St. Louis area, these fluctuations could have significant implications. The slight drop in the 30-year fixed rate might offer a momentary advantage to those looking to secure a long-term loan at a slightly lower cost, while the increase in shorter-term rates suggests a growing cost for those looking to pay off their homes sooner. This environment requires careful consideration of financing options, particularly for first-time buyers who might be more sensitive to these changes.
For a detailed look at how these rates have shifted over time, prospective buyers and sellers are encouraged to click the chart button below. This historical perspective, provided by MORE, REALTORS®, can aid in making informed decisions in this dynamic market. As the landscape of St. Louis real estate continues to evolve, staying informed on the latest mortgage rates is crucial for navigating the market effectively.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.83% | -0.02% |
| 15 Yr. Fixed | 6.08% | +0.01% |
| 30 Yr. FHA | 6.41% | +0.01% |
| 30 Yr. Jumbo | 6.93% | +0.01% |
| 7/6 SOFR ARM | 6.32% | +0.07% |
| 30 Yr. VA | 6.42% | +0.01% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of July 17, 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.
