For prospective buyers in St. Louis, the marginal drop in the 30-year fixed rate presents a slight relief, potentially lowering monthly payments and overall interest costs. However, those considering a 15-year term might face slightly higher payments due to the rate increase. The changes in other rates, such as the 30-Year FHA and 30-Year Jumbo, which have both seen increases, suggest a nuanced market environment where different loan products may behave differently.
Sellers may find that the current rates still offer an attractive enough environment to entice buyers, especially with the 30-year fixed rate hovering just above 6%. Buyers and sellers should keep a close eye on mortgage trends and consider consulting with local experts, like MORE, REALTORS®, to make informed decisions. For those interested in historical mortgage rates and trends, be sure to check the chart button below for a comprehensive overview.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.20% | -0.01% |
| 15 Yr. Fixed | 5.76% | +0.01% |
| 30 Yr. FHA | 5.88% | +0.00% |
| 30 Yr. Jumbo | 6.38% | +0.00% |
| 7/6 SOFR ARM | 5.71% | -0.01% |
| 30 Yr. VA | 5.89% | -0.01% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of January 22, 2026. 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.
