For potential buyers in the St. Louis area, these rate changes suggest a cautious approach may be necessary. With rates climbing, affordability may be impacted, potentially reducing purchasing power. Sellers, on the other hand, might see increased competition as buyers rush to lock in rates before any further increases. It’s crucial for both buyers and sellers to monitor these trends closely through historical data, accessible via the chart button below, and consult with local experts like MORE, REALTORS® to navigate this evolving market.
Overall, while the 30-year VA rate has decreased, providing some relief to veterans, the general upward trajectory in rates underscores the importance of timely decision-making in the current market. Stay informed and proactive to make the best financial decisions in this fluctuating landscape.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.20% | +0.00% |
| 15 Yr. Fixed | 5.76% | +0.00% |
| 30 Yr. FHA | 5.84% | +0.00% |
| 30 Yr. Jumbo | 6.36% | +0.01% |
| 7/6 SOFR ARM | 5.64% | +0.00% |
| 30 Yr. VA | 5.85% | -0.01% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of February 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.
