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Kansas City

Current Mortgage Rates in Kansas City, Missouri

Compare mortgage rates and fees for leading lenders in Kansas City, MO. 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 lender offering the best mortgage rates in Kansas City.

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

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Mortgage Rates in Kansas City, MO as of August 19, 2019
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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 Kansas City, MO Mortgage Rates Compare?

August 19, 2019

The current average rate for a 30 year fixed rate mortgage in Kansas City 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
Kansas City, MO 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 Kansas City, Missouri?

The median home value for Kansas City, MO (Jackson County) is $159,234

The median household income for Kansas City, MO (Jackson County) is $52,200

Based on current mortgage rates and a 10% down payment, you need to make $29,543 per year to buy the median priced home in Kansas City

The home price you can afford to by based on household income in Kansas City is 177% of the median home value which means housing prices are average

Kansas City (Jackson County) ranks 88 out of 115 counties in Missouri and 2,052 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Kansas City, MO is average

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Loan Limits for Kansas City, Missouri

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Kansas City (Jackson County) below.

Conforming loan limits for Kansas City, MO

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Kansas City, MO

1 unit: $336,950
2 units: $431,350
3 units: $521,400
4 units: $648,000

VA loan limits for Kansas City, MO

1 unit: $484,350

Additional Mortgage Resources for Kansas City, MO Residents

Mortgage Rates for Missouri Cities

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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/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index