For buyers and sellers in the St. Louis area, these changes signal a potentially cooling market, where slightly lower rates could enhance buying power, albeit modestly. The current rates, while still high, offer a momentary relief which could influence decisions on entering the housing market. Sellers might find a slightly more motivated pool of buyers, while buyers may benefit from marginally lower borrowing costs.
For a detailed view of how these rates have shifted over time, prospective buyers and sellers are encouraged to click the chart button below. This historical perspective, provided by MORE, REALTORS®, can offer valuable insights into the timing of real estate decisions in the St. Louis market. As always, keeping an eye on these trends can provide both buyers and sellers with a strategic advantage in navigating the real estate landscape.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.89% | -0.04% |
| 15 Yr. Fixed | 6.20% | -0.01% |
| 30 Yr. FHA | 6.43% | +0.00% |
| 30 Yr. Jumbo | 7.02% | -0.02% |
| 7/6 SOFR ARM | 6.41% | +0.03% |
| 30 Yr. VA | 6.44% | -0.01% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of June 12, 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.
