For prospective homebuyers and sellers in the St. Louis market, these rate changes signify a period of careful consideration. Buyers may find the cost of financing a home slightly more challenging, impacting their purchasing power. Conversely, sellers might experience a slow-down in demand, necessitating strategic pricing to attract buyers. Experts suggest keeping an eye on the adjustable rate offerings, such as the 7/6 SOFR ARM, which has decreased to 5.65%, presenting a potentially attractive option for those seeking lower initial payments.
For a historical perspective on how these rates have evolved, please refer to the chart button below. This information is brought to you by MORE, REALTORS®, providing insights into the current mortgage landscape and its implications for the St. Louis real estate market.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.29% | +0.00% |
| 15 Yr. Fixed | 5.70% | +0.01% |
| 30 Yr. FHA | 5.99% | +0.01% |
| 30 Yr. Jumbo | 6.25% | +0.00% |
| 7/6 SOFR ARM | 5.65% | -0.03% |
| 30 Yr. VA | 6.01% | +0.01% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of September 11, 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.
