For potential buyers in St. Louis, these rising rates mean recalculating budgets and possibly adjusting search criteria to find suitable homes within financial limits. Sellers might face longer listing periods as high rates can deter some buyers. However, those looking to refinance might find this a crucial time to lock in rates before potential further increases. With the trend showing a steady climb, understanding these shifts is vital.
For a detailed view of how these rates have changed over time, click the chart button below. This comprehensive historical perspective, provided by MORE, REALTORS®, is essential for making informed decisions in this fluctuating market. Whether buying, selling, or refinancing, staying updated on the latest rate changes can significantly impact your real estate strategies in St. Louis.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.78% | +0.01% |
| 15 Yr. Fixed | 6.04% | +0.01% |
| 30 Yr. FHA | 6.36% | +0.01% |
| 30 Yr. Jumbo | 6.90% | +0.00% |
| 7/6 SOFR ARM | 6.25% | +0.00% |
| 30 Yr. VA | 6.38% | +0.02% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of July 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.
