For potential homebuyers in the St. Louis area, these changes could present a more favorable environment for securing a mortgage. Lower rates mean reduced monthly payments, which can significantly impact affordability and buying power. Sellers, on the other hand, might see an increase in buyer interest as the cost of financing a home becomes slightly more attractive. This shift in rates could stimulate activity in the local housing market, encouraging both buyers and sellers to act now while rates are on a downward trend.
To explore how these rates compare historically, check out the chart button below for detailed insights. These updates, provided by MORE, REALTORS®, offer a comprehensive look into the current mortgage landscape, helping you make informed decisions in the St. Louis real estate market. Whether you’re buying or selling, staying informed about ‘St Louis mortgage rates’ and ‘current mortgage rates’ can help you navigate your real estate journey with confidence.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.32% | -0.06% |
| 15 Yr. Fixed | 5.84% | -0.04% |
| 30 Yr. FHA | 6.03% | -0.02% |
| 30 Yr. Jumbo | 6.25% | -0.04% |
| 7/6 SOFR ARM | 5.82% | -0.03% |
| 30 Yr. VA | 6.04% | -0.03% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of October 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.
