The increase in rates is having a notable impact on the St. Louis real estate market. Buyers are faced with higher monthly payments, which might deter some from entering the market or push them to consider alternative financing options or adjustable-rate mortgages. Sellers might experience a slowdown in demand as potential buyers reassess their budgets. The 30-year Jumbo rate has also reached 7.00%, indicating that larger loans are becoming considerably more expensive.
For a detailed view of how these rates compare historically, you can refer to the chart button below. It provides a comprehensive look at the fluctuations over recent months. As always, this information is brought to you by MORE, REALTORS®, dedicated to keeping you informed about the latest developments in St. Louis’s mortgage landscape.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.91% | +0.02% |
| 15 Yr. Fixed | 6.50% | +0.11% |
| 30 Yr. FHA | 6.45% | +0.04% |
| 30 Yr. Jumbo | 7.00% | +0.08% |
| 7/6 SOFR ARM | 6.51% | +0.06% |
| 30 Yr. VA | 6.47% | +0.04% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of September 3, 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.