For those looking into larger, more expensive properties, the 30-Year Jumbo Rate stands at 7.10%, while the more accessible FHA loans are available at a rate of 6.44%. Additionally, the Adjustable Rate (7/6 SOFR ARM) is currently at 6.63%, offering an alternative for those seeking potentially lower rates initially compared to fixed-rate mortgages. Each of these rates plays a crucial role in shaping the buying and selling strategies in the St. Louis market.
For a detailed understanding of how these rates compare historically, please click the chart button below. This information, provided by MORE, REALTORS®, offers a comprehensive view of current and past mortgage rates, helping you make informed decisions in the St. Louis real estate market. Whether you are looking to buy a new home or considering selling your property, staying updated on these rates is crucial in navigating the real estate landscape effectively.
Current Mortgage Rates*
| Loan Type | Current Rate | Change From Prior Day |
|---|---|---|
| 30 Yr. Fixed | 6.99% | +0.07% |
| 15 Yr. Fixed | 6.34% | +0.08% |
| 30 Yr. FHA | 6.44% | +0.11% |
| 30 Yr. Jumbo | 7.10% | +0.06% |
| 7/6 SOFR ARM | 6.63% | +0.06% |
| 30 Yr. VA | 6.45% | +0.10% |
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of May 15, 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.