»
»
St. Louis

Current Mortgage Rates in St. Louis, Missouri

Compare mortgage rates and fees for leading lenders in St. Louis, 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 St. Louis.

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

%
Mortgage Rates in St. Louis, MO as of December 7, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for St. Louis, MO

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 St. Louis, MO Mortgage Rates Compare?

December 7, 2019

The current average rate for a 30 year fixed rate mortgage in St. Louis 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
St. Louis, MO Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in St. Louis, Missouri?

The median home value for St. Louis, MO is $210,125

The median household income for St. Louis, MO is $64,855

Based on current mortgage rates and a 10% down payment, you need to make $38,985 per year to buy the median priced home in St. Louis

The home price you can afford to buy based on household income in St. Louis is 166% of the median home value which means housing prices are average

St. Louis ranks 102 out of 115 counties in Missouri and 2,264 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in St. Louis, MO is average

orange-simple-house
ruler

Loan Limits for St. Louis, Missouri

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for St. Louis below.

Conforming loan limits for St. Louis, MO

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

FHA loan limits for St. Louis, MO

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for St. Louis, MO

1 unit: $484,350

Additional Mortgage Resources for St. Louis, MO 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

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