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Missouri

Current Missouri Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Missouri. Review free, personalized mortgage rates for Missouri based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Missouri. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Missouri as of August 18, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Missouri Mortgage Rates Compare?

August 18, 2019

The current average rate for a 30 year fixed rate mortgage in Missouri is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Missouri Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Missouri?

The median home value for Missouri is $165,613

The median household income for Missouri is $54,494

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Missouri is $30,726

The home price you can afford to by based on household income in Missouri is 177% of the median home value which means housing prices are affordable. Missouri ranks 13 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Missouri is affordable

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Additional Mortgage Resources for Missouri Residents

Mortgage Rates for Missouri Cities

Belton Mortgage Rates

Columbia Mortgage Rates

Franklin Mortgage Rates

Hillsboro Mortgage Rates

Joplin Mortgage Rates

Kansas City Mortgage Rates

Liberty Mortgage Rates

Platte Mortgage Rates

Springfield Mortgage Rates

St. Charles Mortgage Rates

St. Louis Mortgage Rates

St. Louis city Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index