Mortgage Rates in St. Louis, MO: Today's Averages & 2026 Outlook
St. Louis 30-year fixed rates are running around 6.88% — roughly 3 bps above the national average of 6.85%. Here's how St. Louis rates stack up, what drives the metro spread, and the payment math on a typical St. Louis home.
Today's St. Louis rates by loan type
Estimates for St. Louis based on the current national 30-year average of 6.85% plus the metro's typical spread (+3 bps). Live national rate sourced daily from Freddie Mac PMMS. Your actual quote will depend on your credit, down payment, and lender.
What drives St. Louis mortgage rates
The national 30-year average sets the floor for every St. Louis lender. But the $St. Louis metro typically prices about 3 basis points above that national benchmark because of local dynamics.
Local market read. Affordable relative to peer metros; steady, low-drama market.
Who's lending. Regional banks and credit unions hold strong share.
Median deal size. A typical St. Louis loan is around $220,000 on a $245,000 home. That sits well inside conforming loan limits, so most St. Louis buyers get standard agency pricing.
What a typical St. Louis payment looks like
| Line item | Estimate |
|---|---|
| Median home price (St. Louis) | $245,000 |
| Median loan amount | $220,000 |
| 30-yr rate (St. Louis avg) | 6.88% |
| Monthly principal & interest | $1,446 |
| Est. full PITI (add ~30% for taxes/insurance) | ~$1,880 |
Directional math for St. Louis in 2026. Add property taxes, homeowners insurance, PMI (if less than 20% down), and any HOA dues for full monthly cost. Our mortgage calculator lets you plug in your exact numbers.
More on buying in Missouri
Get matched with a St. Louis lender — free
We'll match you with vetted St. Louis-area lenders competing for your loan. Compare real Loan Estimates side-by-side — the same St. Louis buyer can save $2,000–$5,000+ over the life of the loan by shopping three quotes.
St. Louis mortgage rates: FAQ
What is today's mortgage rate in St. Louis, MO?▾
The average 30-year fixed mortgage rate in St. Louis is around 6.88% — 15-year fixed near 6.13%, FHA around 6.63%, VA around 6.53%. That's roughly 3 bps above the current US 30-year average of 6.85%. Your actual rate depends on credit score, down payment, loan type, and lender competition — always compare Loan Estimates from at least three lenders.
How do St. Louis mortgage rates compare to the national average?▾
St. Louis rates typically sit slightly above (about 3 bps higher than) the US 30-year average. The metro spread reflects local lender competition, loan mix, and property-tax/insurance dynamics specific to the St. Louis area.
What's the median home price in St. Louis?▾
The median home price in the St. Louis metro is about $245,000, with a typical loan amount of $220,000 at conventional LTVs. At today's 6.88% rate, principal and interest on that loan runs about $1,446/month — before property taxes, homeowners insurance, and (if applicable) PMI or HOA dues.
Who are the top lenders in St. Louis?▾
Regional banks and credit unions hold strong share. You'll get the best rate by comparing at least three Loan Estimates — a mix of a national non-bank lender, a local credit union, and (for higher loan amounts) a portfolio bank tends to reveal the best pricing for your specific profile.
Should I lock my rate now or wait in St. Louis?▾
Affordable relative to peer metros; steady, low-drama market. On rate timing itself, no one can call the exact peak or trough — but if the payment on your target St. Louis home works today at 6.88%, locking and refinancing later if rates fall is a well-worn playbook. Our Right-Time-to-Buy tool models the wait-vs-buy math for you.