See the latest Missouri mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 years. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in Missouri could be easier with today’s mortgage rates.
Missouri Mortgage Rates –
The table below shows today’s home purchase mortgage rates for Missouri, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 7.42% | 7.47% | 7.52% | |
| Missouri | 7.49% | 7.54% | 7.59% | |
| Credit Unions | 7.09% | 7.14% | 7.29% | 8.5/10 |
| Online lenders | 7.19% | 7.24% | 7.39% | 7.7/10 |
| Banks | 7.49% | 7.54% | 7.59% | 8.5/10 |
| 30 year fixed | 7.49% | 7.54% | 7.59% | |
| 30 year fixed FHA | 6.76% | 6.81% | 6.86% | |
| 30 year fixed VA | 6.64% | 6.69% | 6.74% | |
| 30 year fixed Jumbo | 7.72% | 8.10% | 8.29% | |
| 20 year fixed | 7.25% | 7.30% | 7.35% | |
| 15 year fixed | 6.91% | 6.96% | 7.01% | |
| 10 year fixed | 6.09% | 6.14% | 6.19% | |
| 3 year ARM | 3.17% | 3.22% | 3.27% | |
| 5 year ARM | 7.20% | 7.25% | 7.30% | |
| 7 year ARM | 6.53% | 6.58% | 6.63% | |
| 10 year ARM | 7.51% | 7.56% | 7.61% | |
| Satisfaction | 8.9/10 | 7.9/10 | 7.5/10 |
Source: MFP’s Community Home Purchase Rates Survey from Missouri members in the last 30 days.
How Missouri Compares to National Averages
- Missouri mortgage rates (7.51% for best credit scores) are slightly above national averages (national average: 7.42%).
- Credit unions are more competitive: In Missouri, credit unions offer 7.11%, banks 7.51%, online lenders 7.21%.
Mortgage Options in Missouri
- 30 year fixed: 7.51% - most popular long-term option for predictable payments
- 20 year fixed: 7.25% - balance between payment size and interest savings
- 15 year fixed: 6.89% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 6.11% - shortest fixed-term option with competitive rates
- 10 year variable: 3.17% - Offers a longer initial period with a variable rate...
- 7 year variable: 7.20% - A mid-term variable option...
- 5 year variable: 6.53% - Shorter-term variable mortgage...
- 3 year variable: 7.49% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Missouri Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Kansas City | 6.61% | 5.89% |
| St. Louis | 6.63% | 5.91% |
| Springfield | 6.57% | 5.85% |
| Columbia | 6.55% | 5.83% |
| Independence | 6.59% | 5.87% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Missouri Best Mortgage Lenders
See which Missouri lenders are most recommended for a home mortgage by community members surveys accross the State and in its main metro areas.
Kansas City, St Louis, Springfield, Columbia, Independence, Lee’s Summit, O’fallon, St Charles, St Joseph, Blue Springs, Online lenders
FAQs Missouri Mortgage Rates
Are home purchase rates higher in Missouri than the U.S. average?
Missouri rates typically run slightly above national averages due to regional economic factors and housing market conditions across the state.
What credit score is best for buying a home in Missouri?
A credit score of 720 or higher generally qualifies for the most competitive mortgage rates offered by Missouri lenders.
Is it better to choose a fixed-rate or ARM in Missouri?
Fixed-rate mortgages provide payment stability for long-term homeowners, while ARMs can offer lower initial rates for those with shorter-term housing plans.
More Info for Missouri Home Buyers:
Mortgage Rates & Tools
Home Purchase Calculator: Estimate your monthly payment.
First-Time Home Buyer: Guide for Missouri first home buyers.
Home Affordability Calculator: See what price range fits your budget.
FHA Mortgage Rates: Current rates for FHA buyers.
30 Year Fixed Home Mortgage: Today’s rate for the most common term.
15 Year Fixed Home Mortgage: Today’s rate for faster payoff.
Loan Programs & Assistance
FHA Loans: How FHA mortgages work and who qualifies.
Mortgage Documents Checklist: What you’ll need to apply, including special cases like self-employed and condo buyers.
Down Payment Assistance: Programs that help cover your down payment.
Lenders & Homeowner Resources
Best Mortgage Lenders in Missouri: Community rated lenders by city.
Missouri Home Insurance Cost: Average premiums and top rated local insurers.
Homeowner Resources & Grants: Grants and assistance programs nationwide.