The market’s mixed movement is also reflected in other mortgage categories. The 30-year jumbo rate has decreased to 6.27%, offering relief for buyers looking at higher-priced properties. Conversely, the 30-year FHA rate has increased slightly to 6.05%. The adjustable rate mortgage (7/6 SOFR ARM) has decreased to 5.78%, potentially attracting buyers interested in lower initial rates. These fluctuations highlight the importance of staying informed on current mortgage trends to make savvy financial decisions.
For St. Louis area buyers, these rate changes present a dynamic landscape. Those considering a 15-year loan may find the lower rates particularly appealing, while jumbo loan seekers can benefit from the reduced rates. Sellers might also find these conditions favorable as they can attract a diverse pool of buyers with varying financing needs. For a detailed view of historical rates, the chart button below provides comprehensive insights. This information is brought to you by MORE, REALTORS®, ensuring you have the latest data to navigate the St. Louis real estate market effectively.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.37% | +0.00% |
| 15 Yr. Fixed | 5.88% | -0.01% |
| 30 Yr. FHA | 6.05% | +0.00% |
| 30 Yr. Jumbo | 6.27% | -0.01% |
| 7/6 SOFR ARM | 5.78% | -0.04% |
| 30 Yr. VA | 6.06% | -0.01% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of October 2, 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.
