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Mortgage rates in Missouri

They typically come in slightly higher than the national average.

Missouri mortgage rates average 4.759% for 30-year conventional loans. And interest rates are expected to stay at or around the 4% mark into 2020.

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Compare these lenders and lender marketplaces by the type of home loan you're searching for, state availability and minimum credit score (for a conventional loan). Select See rates to provide the company with basic property and financial details for personalized rates.
Name Product Loan products offered State availability Min. credit score
(NMLS #1121636)
Conventional, Home equity, Refinance
Not available in: AK, HI, MO, NH, NM, NY, SD, WV
No hidden fees, multiple loan terms, and member discounts available.
(NMLS #330511)
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
Online preapproval in minutes and no origination fees with this direct lender.
Axos Bank
(NMLS #524995)
Axos Bank
Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Available in all states
Purchase, refinance, and home equity options available with lender fees as low as $0 (restrictions apply).
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
Streamline your mortgage from quote to final payment — all from your computer or phone.
(NMLS #1136)
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
Connect with vetted home loan lenders quickly through this online marketplace.

Compare up to 4 providers

How much do Missouri rates vary?

The average 30-year mortgage rates in Missouri ranged from 4.613% to 4.782% in 2018. Many components, such as the length of the loan, go into determining your interest rate. For example, 15-year mortgages typically have lower interest rates than their 30-year counterparts.

2018 average rates in Missouri by loan type

Loan type15-year average rate30-year average rate

Based on data from

If you had a $135,000 conventional mortgage over 30 years, you might pay around $700 in monthly payments, excluding taxes and other costs unique to your mortgage. But with a 15-year loan, you’d pay around $1,020 each month.

If you can afford the higher monthly payments with a 15-year mortgage, you could save $69,900 in overall interest over the life of the loan.

Rates in Missouri are predicted to hold at or slightly above the 4% mark in 2020.

Mortgage buyers Freddie Mac, Fannie Mae and other US housing authorities predict rates to range from 3.55% to 3.90% in 2020. Missouri rates historically ride the high side of the national average and should teeter around 4% in the upcoming year.

Compare mortgage rates throughout Missouri

The Show-Me State has a wide variety of rates and home prices, both of which can affect the cost of homeownership. Lenders charge rates that depend on the neighborhood and proximity to cities.

We combed through data from the Home Mortgage Disclosure Act (HMDA) to give you a rundown of what you might pay on the average 30-year fixed-rate mortgage in specific metropolitan areas throughout Missouri.

Metropolitan statistical area (MSA)Average mortgage rateMedian loan amountEstimated monthly cost
Cape Girardeau MSA (Bollinger and Cape Girardeau Counties, MO)4.754%$75,000$390
Jefferson City4.780%$135,000$710
Kansas City MSA (Bates, Caldwell, Cass, Clay, Clinton, Jackson, Lafayette, Platte and Ray Counties, MO)4.752%$175,000$910
St. Joseph MSA (Andrew, Buchanan and DeKalb Counties, MO)4.868%$125,000$660
St. Louis MSA (Franklin, Jefferson, Lincoln, St. Charles, St. Louis and Warren Counties, MO)4.721%$175,000$910

These projected amounts don’t include any taxes or fees exclusive to your mortgage.
Based on data from

How to get the best mortgage rate in Missouri

A few strategies for getting a better rate on your mortgage:

  1. Compare loan products. Lenders usually offer a variety of loan products, each with slightly different rates. Know your options and choose the right program for your circumstances.
  2. Build a strong credit profile. Borrowers with solid credit usually get the best rates. Paying down existing debt can increase your credit score and make you a more attractive borrower.
  3. Plan for closing costs. Be aware that some lenders advertise low rates but hike up their closing costs, so evaluate the whole picture. Closing costs in Missouri generally average 0.93% to 1.86% of the final purchase price.

Historical mortgage interest rates in Missouri

Bottom line

Missouri rates tend to follow or come in slightly above the national average. Compare home loans and lenders to find the right mortgage program with the most competitive rates.

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