For those looking at more substantial home purchases, the 30-Year Jumbo Rate currently stands at 7.13%, closely aligning with the standard 30-year rate, indicating a stable lending environment for larger loans. Meanwhile, the 30-Year FHA Rate, often favored by first-time homebuyers for its lower down payment requirements, is slightly more favorable at 6.52%. Additionally, the Adjustable Rate (7/6 SOFR ARM) is at 6.49%, offering a potentially lower initial payment for those considering this type of financing.
Understanding these rates and their implications is vital for making informed real estate decisions in the St. Louis market. For a more detailed analysis, including historical rate trends, click the chart button below provided by MORE, REALTORS®. This information can help you navigate the complexities of mortgage financing as you plan your real estate investments or purchases in 2025.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 7.08% | +0.09% |
| 15 Yr. Fixed | 6.39% | +0.04% |
| 30 Yr. FHA | 6.52% | +0.11% |
| 30 Yr. Jumbo | 7.13% | +0.03% |
| 7/6 SOFR ARM | 6.49% | +0.01% |
| 30 Yr. VA | 6.54% | +0.12% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of May 22, 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.
