Current Missouri Mortgage Rates

Compare Missouri mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Missouri.

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.

Missouri Mortgage Rates as of December 1, 2023
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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.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details. Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Missouri Mortgage Rates

December 1, 2023

Current mortgage rates in Missouri are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Missouri Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Missouri?

Below we offer valuable insights on the housing market and real estate prices in Missouri. Understand how much you need to make to buy a house in Missouri, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Missouri is affordable for you. We provide this helpful information to help you decide if living in Missouri is right for you.

The median home value for Missouri is $216,327

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Missouri is $45,129

With this income, you could qualify for a $194,694 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Missouri is $1,045

The median household income for Missouri is $63,863

Based on this income, you can afford a home valued at approximately $306,126

The home price you can afford to buy based on household income in Missouri is 142% of the median home value which means housing prices are affordable. Missouri ranks 11 out of 50 states for housing affordability.

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


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 city Mortgage Rates