St. Louis Mortgage Rates Dip Below 6.5% in March 2026 – Homebuyers See 30-Year Fixed at 6.48%

In March 2026, St. Louis homebuyers are witnessing a favorable shift in mortgage rates, with the 30-year fixed rate decreasing to 6.48%, down by 0.07% from previous levels. This decline marks a continued easing in rates, offering potential savings for those entering the housing market. Similarly, the 15-year fixed rate has subtly reduced to 6.09%, providing additional options for buyers looking to pay off their homes more quickly. These rate reductions reflect a broader trend of falling interest rates across the board, including decreases in 30-year FHA and Jumbo loans, as well as adjustable-rate mortgages like the 7/6 SOFR ARM.

For prospective buyers and sellers in the St. Louis area, these changes could have significant implications. Lower mortgage rates can increase purchasing power, making homes more affordable and potentially boosting market activity. Sellers might see heightened interest from buyers eager to take advantage of the improved borrowing conditions. As rates trend downward, it’s an opportune time for buyers to lock in these rates before potential future fluctuations.

For a more comprehensive view of historical rate trends, you can refer to the chart button below, which offers detailed insights. This analysis is provided by MORE, REALTORS®, ensuring you have the most accurate and up-to-date information on current mortgage rates in St. Louis.

Current (and historical) Mortgage Rates Chart Get a REAL Pre-Approval Now

Current Mortgage Rates*

Loan Type	Current Rate	Change From Prior Day
30 Yr. Fixed	6.48%	-0.07%
15 Yr. Fixed	6.09%	-0.03%
30 Yr. FHA	5.98%	-0.04%
30 Yr. Jumbo	6.63%	-0.02%
7/6 SOFR ARM	6.24%	-0.01%
30 Yr. VA	6.00%	-0.04%

*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of March 26, 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.