For those considering more substantial home purchases, the 30-Year Jumbo Rate stands at 7.05%, while the 30-Year FHA Rate is notably lower at 6.42%. Additionally, the Adjustable Rate (7/6 SOFR ARM) is currently at 6.43%, offering a potentially attractive option for buyers looking for lower initial rates. Understanding these figures is crucial for making informed decisions in today’s market.
For a detailed view of how these rates compare historically, please click the chart button below. This information is provided by MORE, REALTORS®, and is essential for anyone looking to navigate the complexities of the St. Louis real estate market this April 2025. Whether you’re buying your first home or investing in property, staying updated on these trends can significantly impact your strategies and outcomes.
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 24, 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.