Question 1

What are current mortgage rates in Missouri?

Accepted Answer

As of March 2026, mortgage rates in Missouri are in line with national averages. The 30-year fixed rate ranges from 6.5% to 7.2%, the 15-year fixed from 5.9% to 6.5%, and the 5/1 ARM from 5.8% to 6.4% for borrowers with good credit (700+). The best rates (starting at 6.5% for 30-year fixed) are available to borrowers with 750+ credit scores and 20%+ down payments.

Question 2

What is the Missouri housing market like?

Accepted Answer

Missouri's housing market offers strong affordability, anchored by Kansas City and St. Louis. Kansas City has one of the lowest costs of living among major US metros and has attracted corporate relocations. St. Louis remains affordable despite struggling with population decline in certain city neighborhoods. Springfield and Columbia offer excellent value for first-time buyers.

Question 3

How do I get the best mortgage rate in Missouri?

Accepted Answer

To get the best mortgage rate in Missouri, compare quotes from at least 3–5 lenders including local banks, credit unions, and online lenders. A credit score of 750 or higher, a down payment of 20% or more, and a low debt-to-income ratio will qualify you for the lowest rates. Use our Loan Finder tool to identify which loan type best fits your situation.

Mortgage Rates in Missouri Today

Current Rate Ranges in Missouri

Missouri Housing Market Overview