For those looking at more substantial properties, the 30-year jumbo loan rate stands at 7.05%, slightly higher than conventional loan rates, indicating a premium for higher loan amounts. Conversely, more affordable options like the 30-Year FHA rate are currently at 6.42%, offering a relatively lower entry point for first-time homebuyers. Additionally, the Adjustable Rate Mortgage (ARM), specifically the 7/6 SOFR ARM, is now at 6.43%, providing an alternative for those expecting to move or refinance within a shorter time frame.
Understanding these rates is crucial for making informed decisions in the housing market. For a detailed view of how these rates have changed over time, click the chart button below. This data, provided by MORE, REALTORS®, offers a comprehensive look at current and historic interest rates, aiding buyers and sellers in navigating the complexities of the real estate market in St. Louis. As the market continues to evolve, staying updated on these trends will be key to making strategic real estate decisions.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.95% | +0.10% |
| 15 Yr. Fixed | 6.37% | +0.13% |
| 30 Yr. FHA | 6.42% | +0.19% |
| 30 Yr. Jumbo | 7.05% | +0.15% |
| 7/6 SOFR ARM | 6.43% | +0.10% |
| 30 Yr. VA | 6.45% | +0.20% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of April 17, 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.
