Interest Rates - St Louis Real Estate News

St. Louis Mortgage Rates: Current Reference Guide for Homebuyers, Sellers, and Agents

By Dennis Norman, on October 22nd, 2026

The 30 year fixed mortgage rate is currently 7.40%, with no change from the prior reading, according to national averages from Mortgage News Daily. This rate reflects the ongoing trend of elevated mortgage rates, with most products tracked,such as the 30 year fixed, 30 year FHA, 30 year jumbo, and 7/6 SOFR adjustable,showing increases. The 15 year fixed, by contrast, decreased slightly by -0.01%. These numbers provide a critical reference for St. Louis homebuyers, sellers, and real estate professionals navigating the market at a time when rates remain above 7%.

How a 7.40% 30 Year Fixed Rate Shapes Payments Continue Reading →

Mortgage Rates Rebound After Brief Dip—Here’s What It Means for St. Louis Buyers

By Dennis Norman, on April 10th, 2025

Mortgage interest rates have bounced back after briefly dipping earlier this month, but there’s more to the story—especially for St. Louis home buyers. One key factor keeping rates from climbing even higher? The recent postponement of tariffs, which has helped ease economic pressure and may be keeping mortgage rates from surging faster.

As of today, the average rate for a 30-year fixed-rate conventional loan is around 6.95%, with FHA loans at 6.42% and VA loans at 6.45%. These numbers reflect an uptick from the recent low of about 6.40% on April 4th, but still sit below the 7.16% average we Continue Reading →