For buyers in St. Louis, the reduction in rates could mean slightly lower monthly payments compared to previous months, offering a breath of relief amid a historically high-rate environment. Sellers might find this an opportune moment to attract more buyers, as lower rates can increase purchasing power. However, the 30-year FHA rate has risen to 6.25%, highlighting a mixed movement in mortgage products. As always, the adjustable-rate mortgage (7/6 SOFR ARM) decreased to 6.35%, offering alternative financing options for those seeking lower initial rates.
For a detailed view of how today’s rates compare historically, you can explore the chart button below. This information is brought to you by MORE, REALTORS®, ensuring you’re well-informed on the latest trends in St. Louis mortgage rates and your options in the housing market.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.70% | -0.05% |
| 15 Yr. Fixed | 6.20% | -0.01% |
| 30 Yr. FHA | 6.25% | +0.00% |
| 30 Yr. Jumbo | 6.84% | -0.03% |
| 7/6 SOFR ARM | 6.35% | -0.02% |
| 30 Yr. VA | 6.25% | -0.01% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of July 15, 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.