Question 1

What are current mortgage rates in Indiana?

Accepted Answer

As of March 2026, mortgage rates in Indiana are in line with national averages. The 30-year fixed rate ranges from 6.5% to 7.2%, the 15-year fixed from 5.9% to 6.5%, and the 5/1 ARM from 5.8% to 6.4% for borrowers with good credit (700+). The best rates (starting at 6.5% for 30-year fixed) are available to borrowers with 750+ credit scores and 20%+ down payments.

Question 2

What is the Indiana housing market like?

Accepted Answer

Indiana offers consistently affordable housing, with Indianapolis as its primary economic driver. The Indy metro has seen steady price appreciation but remains well below national averages. Fort Wayne and Evansville offer even lower price points. Indiana's stable manufacturing and healthcare economy provides a steady housing market without the extreme volatility seen in coastal states.

Question 3

How do I get the best mortgage rate in Indiana?

Accepted Answer

To get the best mortgage rate in Indiana, compare quotes from at least 3–5 lenders including local banks, credit unions, and online lenders. A credit score of 750 or higher, a down payment of 20% or more, and a low debt-to-income ratio will qualify you for the lowest rates. Use our Loan Finder tool to identify which loan type best fits your situation.

Mortgage Rates in Indiana Today

Current Rate Ranges in Indiana

Indiana Housing Market Overview