If you're considering buying a home in St. Louis, be aware that mortgage rates are currently around 7%, significantly higher than the 3% or 4% rates of previous years. To secure lower rates, many buyers are turning to mortgage discount points, which are upfront fees paid at closing to reduce the interest rate. While this strategy can lower monthly payments, it's essential to evaluate whether the upfront cost aligns with your financial goals and how long you plan to stay in the home.