For St. Louis buyers and sellers, these rate reductions could signal a more favorable environment for purchasing and refinancing. Lower rates can enhance affordability, potentially boosting demand in the housing market. Sellers might experience increased interest from buyers eager to lock in these rates before any potential future hikes. Buyers currently navigating the market may find it advantageous to act swiftly as these rates provide a more accessible entry point.
For a detailed look at historical rates and trends, interested parties are encouraged to click the chart button below. This data and analysis are brought to you by MORE, REALTORS®, providing you with up-to-date insights into the St. Louis mortgage landscape.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.27% | -0.04% |
| 15 Yr. Fixed | 5.82% | -0.01% |
| 30 Yr. FHA | 6.00% | -0.03% |
| 30 Yr. Jumbo | 6.20% | -0.02% |
| 7/6 SOFR ARM | 5.71% | -0.01% |
| 30 Yr. VA | 6.02% | -0.03% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of October 16, 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.
