St. Louis area buyers may find the current rate environment challenging, especially with the 30-year fixed rate continuing to hover at higher levels. However, the decrease in the 15-year fixed rate and the significant drop in the 7/6 SOFR ARM to 6.12% could present attractive alternatives for those looking to capitalize on lower monthly payments. Sellers, on the other hand, might experience variable demand as potential buyers navigate these mixed rate signals.
For those interested in historical trends and a deeper dive into rate movements, the chart button below provides detailed insights. This information is brought to you by MORE, REALTORS®, offering expert guidance and up-to-date market data to help navigate the ever-evolving St. Louis mortgage landscape.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.61% | +0.00% |
| 15 Yr. Fixed | 6.12% | -0.02% |
| 30 Yr. FHA | 6.17% | +0.03% |
| 30 Yr. Jumbo | 6.73% | -0.02% |
| 7/6 SOFR ARM | 6.12% | -0.15% |
| 30 Yr. VA | 6.19% | +0.03% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of May 28, 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.