These fluctuations have notable implications for the St. Louis housing market. For buyers, the decrease in 30-year fixed rates could mean more affordable monthly payments, potentially expanding purchasing power and increasing buyer interest. On the contrary, sellers might experience a surge in demand, as competitive rates encourage more buyers to enter the market. The 30-year FHA rate has also decreased to 5.67%, further benefiting those looking for government-backed loan options.
For those interested in exploring historical rate data to better understand these trends, please refer to the chart button below. This information is brought to you by MORE, REALTORS®, providing up-to-date insights into the current mortgage landscape in St. Louis. As the market continues to evolve, staying informed about these changes is crucial for both buyers and sellers navigating real estate decisions.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.07% | -0.06% |
| 15 Yr. Fixed | 5.73% | +0.01% |
| 30 Yr. FHA | 5.67% | -0.03% |
| 30 Yr. Jumbo | 6.40% | +0.00% |
| 7/6 SOFR ARM | 5.39% | -0.01% |
| 30 Yr. VA | 5.69% | -0.03% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of March 5, 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.
