What is the Current Mortgage Rate in Indiana Today?

*The Indiana 30-year fixed mortgage rate as of Friday, January 23, 2026 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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January 2026 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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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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Mike M.
They’re incredible. Start to finish. I could write a novel about how seamless the whole team made our home buying experience.

They communicate everything. If you have questions, call or text and it’s answered with a plan of action for the next step.

I recommend to anyone.

As a first time home buyer, I had so much to learn and they walked me through everything so thoroughly. When it was time for pen to paper, I felt like I had been there before.
Brian B.
Clark and his team made my loan process so easy, while putting my best interests as their number one priority. Clark Sigmund was top notch in communication and ensured that any questions we had were answered, as well as provided in depth information into the entire process. I will definitely be doing business with Clark and his team at First Option in the future, and I will be referring them to my family and friends.
Kj W.
Clark was amazing! Took the time to get to know us and was available at anytime! Can’t thank him enough for helping me get my first home!
Kisha H.
My lender, Clark Sigmund II, with First Option Mortgage was a true Godsend! He was proficient, professional, and caring. He went above and beyond to administer top tier service for my client.
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.
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Mike M.
They’re incredible. Start to finish. I could write a novel about how seamless the whole team made our home buying experience.

They communicate everything. If you have questions, call or text and it’s answered with a plan of action for the next step.

I recommend to anyone.

As a first time home buyer, I had so much to learn and they walked me through everything so thoroughly. When it was time for pen to paper, I felt like I had been there before.
Brian B.
Clark and his team made my loan process so easy, while putting my best interests as their number one priority. Clark Sigmund was top notch in communication and ensured that any questions we had were answered, as well as provided in depth information into the entire process. I will definitely be doing business with Clark and his team at First Option in the future, and I will be referring them to my family and friends.
Kj W.
Clark was amazing! Took the time to get to know us and was available at anytime! Can’t thank him enough for helping me get my first home!
Kisha H.
My lender, Clark Sigmund II, with First Option Mortgage was a true Godsend! He was proficient, professional, and caring. He went above and beyond to administer top tier service for my client.
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.