What is the Current Mortgage Rate in Indiana Today?

*The Indiana 30-year fixed mortgage rate as of Tuesday, November 4, 2025 is 6.85%.

**The current average 30-year fixed mortgage rate in Indiana increased 3 basis points from 6.84% to 6.87%. Indiana mortgage rates today are 1 basis point higher than the national average rate of 6.86%.

The Indiana mortgage interest rate on July 15, 2025 is up 5 basis points from last week’s average Indiana rate of 6.82%.

Additionally, the current average 15-year fixed mortgage rate in Indiana decreased 3 basis points from 5.93% to 5.90% and the current average 5-year ARM mortgage rate is equal to 6.88%.

*Source: Mortgage Rates Daily
**Source: Zillow

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November 2025 Mortgage Rates in Indiana

View the chart, updated daily, for the latest rates and trends via Mortgage News Daily and Freddie Mac.

To find out your specific rate based on your specific qualifications, request a free rate quote here.

Indiana Home Loan Interest Rates
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Indiana Home Loan Interest Rates
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What Determines Your Mortgage Rate?

Understanding what influences your mortgage rate can help you secure the most favorable terms possible. Let’s dive deep into each factor:

Excellent Credit (740+):
Generally qualifies for the best available rates

Fair Credit (620-699):
More options than you might think, especially with FHA loans

Good Credit (700-739):
Still qualifies for competitive rates with minimal rate adjustments

Below 620:
We have programs and strategies to help you improve your score or find alternative solutions

Remember, credit scores can be improved, and our team can provide guidance on the most effective ways to boost your score before applying for a mortgage.

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First Option Mortgage Indianapolis
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Joe E.
Dustan and his team at First Option Mortgage have helped me with a couple of purchases. I would highly reccomend. They are great, highly responsive and make things go really smooth. If you are purchasing a home without a realitor involved. These are the people you want helping you!
ammon H.
These guys are fantastic. Clark Sigmund is the guy to use. He helped us get are first home and we closed in under 30 thirty days. Smooth and worry free.
Katie B.
We worked with Clark as our mortgage officer, and he was absolutely amazing from start to finish. No matter the time or the question, Clark was always willing to pick up the phone and help. He constantly reassured us throughout the process and truly went above and beyond to make sure everything stayed on track. When it came time for underwriting, Clark fought for us every step of the way and helped us gather any documentation we needed quickly and efficiently.

On top of all that, Clark was so fun (and funny!) to work with, he made what could have been a stressful process actually enjoyable. We couldn’t have asked for a more dedicated, supportive, and genuinely great person to have on our side!
Mike U.
Outstanding support through our new home purchase. Great experience working with with Clark. We appreciate all his support through the process from beginning to end.
Katie S.
Clark is so amazing!! He helped me purchase my first home. Clark works so hard to help his clients no matter what hurdles they may have to get approved. I can honestly say Clark worked extremely hard to help me and never gave up. He was so positive, uplifting and informative the entire time. I would recommend him to everyone I know . Thank you Clark from the bottom of my heart for everything!!!!
Gerlach H.
My wife and I had a great experience with Josh at First Option Mortgage. As first-time home buyers, we had a lot of questions, and Josh was always there for us to provide the answers in a personable, respectful and professional manner.
Jonathan H.
Had a great experience from start to finish, I was kept informed during the entire process. I would recommend the First option team to anyone.
Mary P.
Jarad, Brandon, and Brad were great to work with! They made the process so easy for me. I appreciate all you have done!
Excellent
First Option Mortgage Indianapolis
Based on 530 reviews
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review us on
Joe E.
Dustan and his team at First Option Mortgage have helped me with a couple of purchases. I would highly reccomend. They are great, highly responsive and make things go really smooth. If you are purchasing a home without a realitor involved. These are the people you want helping you!
ammon H.
These guys are fantastic. Clark Sigmund is the guy to use. He helped us get are first home and we closed in under 30 thirty days. Smooth and worry free.
Katie B.
We worked with Clark as our mortgage officer, and he was absolutely amazing from start to finish. No matter the time or the question, Clark was always willing to pick up the phone and help. He constantly reassured us throughout the process and truly went above and beyond to make sure everything stayed on track. When it came time for underwriting, Clark fought for us every step of the way and helped us gather any documentation we needed quickly and efficiently.

On top of all that, Clark was so fun (and funny!) to work with, he made what could have been a stressful process actually enjoyable. We couldn’t have asked for a more dedicated, supportive, and genuinely great person to have on our side!
Mike U.
Outstanding support through our new home purchase. Great experience working with with Clark. We appreciate all his support through the process from beginning to end.
Katie S.
Clark is so amazing!! He helped me purchase my first home. Clark works so hard to help his clients no matter what hurdles they may have to get approved. I can honestly say Clark worked extremely hard to help me and never gave up. He was so positive, uplifting and informative the entire time. I would recommend him to everyone I know . Thank you Clark from the bottom of my heart for everything!!!!
Gerlach H.
My wife and I had a great experience with Josh at First Option Mortgage. As first-time home buyers, we had a lot of questions, and Josh was always there for us to provide the answers in a personable, respectful and professional manner.