MO Mortgage Rates

Mortgage rates have been on the rise in recent years, especially in Missouri. A new WalletHub report finds that Missouri’s average mortgage rate had the second-largest increase in the country, right behind Colorado. During the first six months of this year, the rate rose over three percentage points to six-point-three-percent. The report also found that Missouri ranks in the top 20 among states where mortgage delinquency is increasing the most. On top of high interest, Missourians are also wrestling with expensive real estate taxes.