St. Louis Mortgage Rates Update for April 2025: Key Trends and Insights

As of April 2025, the St. Louis real estate market is experiencing a shift in mortgage rates that potential home buyers and sellers should consider. The 30-Year Fixed Rate has climbed slightly to 6.95%, marking an increase of 0.10% from previous figures. Similarly, the 15-Year Fixed Rate has risen to 6.37%, up by 0.13%. These changes indicate a trend towards rising mortgage costs in the region, which could influence buying decisions and market dynamics.

For those considering more substantial home purchases, the 30-Year Jumbo Rate stands at 7.05%, while the 30-Year FHA Rate is notably lower at 6.42%. Additionally, the Adjustable Rate (7/6 SOFR ARM) is currently at 6.43%, offering a potentially attractive option for buyers looking for lower initial rates. Understanding these figures is crucial for making informed decisions in today’s market.

For a detailed view of how these rates compare historically, please click the chart button below. This information is provided by MORE, REALTORS®, and is essential for anyone looking to navigate the complexities of the St. Louis real estate market this April 2025. Whether you’re buying your first home or investing in property, staying updated on these trends can significantly impact your strategies and outcomes.

Current Mortgage Rates*

Loan Type Current Rate Change From Prior Day
30 Yr. Fixed 6.95% +0.10%
15 Yr. Fixed 6.37% +0.13%
30 Yr. FHA 6.42% +0.19%
30 Yr. Jumbo 7.05% +0.15%
7/6 SOFR ARM 6.43% +0.10%
30 Yr. VA 6.45% +0.20%

*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of April 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.

St. Louis Mortgage Rates Update: April 2025 Trends and Insights

As of April 2025, the St. Louis real estate market is experiencing a dynamic shift in mortgage rates, crucial for both potential homebuyers and current homeowners considering refinancing. The 30-year fixed mortgage rate has seen a slight increase to 6.95%, up by 0.10% from the previous month. Similarly, the 15-year fixed rate has risen to 6.37%, marking a 0.13% increase. These changes reflect broader economic trends impacting borrowing costs.

For those looking at more substantial properties, the 30-year jumbo loan rate stands at 7.05%, slightly higher than conventional loan rates, indicating a premium for higher loan amounts. Conversely, more affordable options like the 30-Year FHA rate are currently at 6.42%, offering a relatively lower entry point for first-time homebuyers. Additionally, the Adjustable Rate Mortgage (ARM), specifically the 7/6 SOFR ARM, is now at 6.43%, providing an alternative for those expecting to move or refinance within a shorter time frame.

Understanding these rates is crucial for making informed decisions in the housing market. For a detailed view of how these rates have changed over time, click the chart button below. This data, provided by MORE, REALTORS®, offers a comprehensive look at current and historic interest rates, aiding buyers and sellers in navigating the complexities of the real estate market in St. Louis. As the market continues to evolve, staying updated on these trends will be key to making strategic real estate decisions.

Current Mortgage Rates*

Loan Type Current Rate Change From Prior Day
30 Yr. Fixed 6.95% +0.10%
15 Yr. Fixed 6.37% +0.13%
30 Yr. FHA 6.42% +0.19%
30 Yr. Jumbo 7.05% +0.15%
7/6 SOFR ARM 6.43% +0.10%
30 Yr. VA 6.45% +0.20%

*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of April 17, 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.

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

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 saw at the start of the year and 7.24% one year ago. Of course, we’re still a long way from the 3.33% rates buyers enjoyed just four years ago.

Why does this matter to local buyers and homeowners? Because mortgage rates directly affect buying power. When rates rise, monthly payments go up, which can price some buyers out of the market or force them to scale back their home search. Conversely, falling or stable rates tend to support home prices by allowing buyers to afford more house.

While rates are still elevated compared to historic lows, the tariff delay may be helping avoid even sharper increases. That’s good news for St. Louis buyers hoping to catch a break.

Looking at the St. Louis market specifically, there’s a clear relationship between interest rates and home prices. Our local data shows selling prices rose from $202,000 in April 2020 to $222,000 by August 2020, driven in part by the ultra-low-rate environment at the time. As rates climbed in 2023 and 2024, price growth slowed, and affordability concerns crept in.

We’ve included live, interactive interest rate charts below so you can see how today’s rates compare to previous years and track trends in real time. These tools are especially helpful if you’re trying to time your move—or just want to better understand the broader economic forces at play.

Bottom line: mortgage rates have nudged back up, but without the tariff postponement, it could’ve been worse. Stay tuned—any future policy changes could further impact the direction of rates and the St. Louis housing market.

If you’re thinking about buying or selling in this shifting environment, MORE, REALTORS® is here to help. We specialize in clear, data-driven insights and local expertise to guide your next move.

St. Louis Mortgage Rates Update: April 2025 Trends and Insights

As of April 2025, the St. Louis real estate market is witnessing subtle shifts in mortgage rates, critical for both potential home buyers and current homeowners considering refinancing. The 30-year fixed mortgage rate has seen a slight increase to 6.85%, a change of +0.03% from the previous figure. Similarly, the 15-year fixed rate has adjusted upward by +0.04%, now standing at 6.24%. These changes indicate a modest tightening in borrowing costs, which could influence buyer affordability and market dynamics in the St. Louis area.

For those looking at more substantial home purchases, the 30-year jumbo loan rate remains steady at 6.90%, reflecting the market’s stability for higher-priced properties. Alternatively, the 30-year FHA rate, often favored by first-time homebuyers for its lower down payment requirements, is notably lower at 6.23%. Additionally, the adjustable rate mortgage (ARM), specifically the 7/6 SOFR ARM, is currently at 6.33%, offering a potentially lower rate option for buyers expecting to move or refinance within a shorter period.

For a detailed view of how these rates compare to historical trends, click the chart button below. This information, provided by MORE, REALTORS®, is essential for making informed decisions in the St. Louis real estate market. Whether you are buying, selling, or refinancing, staying updated on the latest mortgage rate trends is crucial in navigating the complexities of the housing market effectively.

Current Mortgage Rates*

Loan Type Current Rate Change From Prior Day
30 Yr. Fixed 6.85% +0.03%
15 Yr. Fixed 6.24% +0.04%
30 Yr. FHA 6.23% +0.03%
30 Yr. Jumbo 6.90% +0.02%
7/6 SOFR ARM 6.33% +0.02%
30 Yr. VA 6.25% +0.03%

*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of April 9, 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.