Mortgage rates in Missouri
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Missouri offers affordable metros in both Kansas City and St. Louis. Below is what buying at Missouri's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Missouri
The interest rate on a Missouri mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Missouri's median $310,000 home with 20% down, the mortgage totals $248,000, or about $1,566 a month in principal and interest.
What makes Missouri different is the cost around the loan. Its 0.97% effective property-tax rate adds roughly $251 a month, and homeowners insurance about $116 more — bringing the all-in estimate to $1,933. Those local costs, not the interest rate, are what set Missouri apart. Your own price and down payment will move the number — work backward from your income with the affordability tool.
Getting approved in Missouri
Federal HMDA lending records show Missouri lenders originated 146,780 home loans in 2025 and denied 35,291 applications — an approval rate near 80.6% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our HMDA approval analysis, and how Missouri ranks for complaint records (5,495 on record).
Shopping for a loan? See the most active mortgage lenders in Missouri, ranked by federal HMDA volume.
Down-payment help in Missouri
You rarely need 20% down. MHDC — Missouri's housing finance agency — runs the state's main assistance program: The First Place program offers cash assistance up to 4% of the loan. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at MHDC, see how a smaller down payment changes your number with the down payment planner, or compare every state’s buyer programs.
Missouri mortgage FAQ
What is the current mortgage rate in Missouri?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Missouri loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Missouri's ~0.97% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Missouri home?
On Missouri's median home price of about $310,000 with 20% down at today's 6.49% average 30-year rate, expect roughly $1,933/month — that's $1,566 principal and interest plus about $251 property tax and $116 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Missouri?
In 2025, Missouri lenders originated 146,780 home loans and denied 35,291 applications — an approval rate of about 80.6% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.