Missouri Mortgage Rates

Buyers looking for homes from Atchison to Dunklin, Missouri are in for some treat. Mortgage rates have remained low, making it more affordable to purchase homes or refinance existing ones.

The mortgage rate in Jefferson City, for example, have remained below 4 percent. The state’s capital city also has a booming economy, making it a great place to settle down. The combination of low mortgage rates and stable economy is a win for homebuyers.

Affordable Homes in Missouri

Homes for sale dot the Missouri state. Hundreds of homes are just waiting for their future owners. What’s better is that homes here are more affordable. The state’s capital city, Jefferson City, has a median price of around $158,750. (According to Zillow, Data through August 31, 2017.)

Low Mortgage Rates

According to Freddie Mac, average mortgage rates have not yet reached the 4 percent mark. For 15-year fixed rate mortgages, interest rates remain low at 3.5 percent. For 30-year fixed rate mortgages, the rate is at 3.85 percent as of October 12, 2017. Most lenders in Missouri follow these rates, more or less.

Certain factors may affect the rate that will apply to your loan. But granted that you have a good credit score and debt ratio, there is a great chance that your mortgage rate will be low.

Finding the Best Lenders

To be able to have a good estimation on the cost of your mortgage, including the mortgage rate, you can use the tools we have on Mortgagesum.com. Click here.

We have easy-to-use resources such as mortgage calculators to aid you in your research. If you want to begin shopping for mortgages, Mortgagesum.com is the right website to find lenders near you. You will be able to compare loan offers and rates from different lenders. We can provide you great options so you’d be able to pick the best one.