For St. Louis residents, these rising rates mean recalculating budgets and potentially adjusting their buying power. Higher rates can add considerable cost over the life of a mortgage, making it crucial for buyers to evaluate their financing options carefully. Sellers might also feel the impact, as higher rates can cool down buyer enthusiasm and possibly lead to longer listing periods. Whether you’re looking to buy, sell, or refinance, staying informed about rate changes is key. For a detailed look at how these rates have changed over time, click the chart button below.
This analysis is provided by MORE, REALTORS®, and serves as a vital resource for understanding how current trends in mortgage rates could influence your real estate decisions in the St. Louis area. With rates expected to continue their upward climb, both buyers and sellers should prepare for a shifting market landscape.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.73% | +0.06% |
| 15 Yr. Fixed | 5.97% | +0.06% |
| 30 Yr. FHA | 6.25% | +0.06% |
| 30 Yr. Jumbo | 6.84% | +0.04% |
| 7/6 SOFR ARM | 6.33% | +0.04% |
| 30 Yr. VA | 6.26% | +0.06% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of July 3, 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.
