Missouri Mortgage Refinance

The “Show Me” state has plenty of mortgage refinance options to “show” its home owners. Home mortgage refinance rates in Missouri (population 5,842,713) range from 4.90% APR to 5.33% APR on a 30 year fixed product to 4.29% APR to 4.79% APR on a 15 year fixed mortgage. Now is the time to refinance in order to lower monthly mortgage payments in Missouri. Before selecting a local lender, it’s important to understand Missouri loan rates. When it comes to finding the lowest rate consider other aspects of the mortgage refinance process. For example, home owners should understand how payments will be applied to the debt balance, understand that low payments aren’t also associated with a low rate (in some cases making extremely low payments can increase your loan balance) and compare the annual percentage rate (APR) between lenders to avoid being surprised by closing cost fees. Missouri home owners should also know their home value. Homes value from $59,524 in St. Louis (63114) to $229,536 in Smithville (64089). In Independence (64057), homes value from $137,908 to $161,892, whereas in Liberty (64068) home values range from $120,092 to $140,978. Home sales in Missouri also vary. The average property price for a home, state-wide is $155,836, however homes in Kansas City (64114) have sold for anywhere from $18,725 up to $1,200,000. In Afton (63123), homes recently sold for $121,441 and $125,905.