Missouri Mortgage Rates Today — Compare MO Lenders
The average 30-year fixed mortgage rate in Missouri is currently 6.48% APR. Kansas City and St. Louis both consistently rank among the most affordable major cities in the US for homeownership. Compare today’s rates from top Missouri lenders across all major loan types below.
Missouri Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $260,000 loan on a single-family primary residence in Missouri.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.48% | 6.48% | Most Popular |
| 15-Year Fixed | 5.83% | 5.83% | Pay off faster, save interest |
| 5/1 ARM | 6.60% | 6.60% | Short-term owners |
| FHA 30-Year | 6.15% | 6.15% | Low down payment |
| VA 30-Year | 5.99% | 5.99% | Veterans & military |
| 30-Year Refinance | 6.60% | 6.60% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Missouri
Missouri offers exceptional housing value. Kansas City consistently ranks as one of the most affordable major cities in the US for homeownership. St. Louis offers large historic homes at prices significantly below the national average, with a rich cultural and culinary scene.
The state’s low property taxes further enhance affordability. Columbia — home of the University of Missouri — offers a stable college-town market. Springfield is a fast-growing affordable metro in the Ozarks region.
What Affects Your Missouri Mortgage Rate?
Several key factors influence the rate a Missouri lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.