What is the Current Mortgage Rate in Indiana Today?

*The Indiana 30-year fixed mortgage rate as of Tuesday, July 15, 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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July 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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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.
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Jarad knew that a property was FHA eligible when the listing agent was unaware. This allowed the buyer to purchase a home they really liked and wasnt made available to other similar buyers. Jarad deserves alot of credit for this transaction.
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Excellent
First Option Mortgage Indianapolis
5.0
Based on 430 reviews
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review us on
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!
Lee K.
First Option made the mortgage process easy. The team was very friendly, helpful, and informative. This was my third house purchase and this was the best experience. I definitely recommend!
Kade K.
Jarad knew that a property was FHA eligible when the listing agent was unaware. This allowed the buyer to purchase a home they really liked and wasnt made available to other similar buyers. Jarad deserves alot of credit for this transaction.
MEGAN B.
Dustan and his team were amazing! We were in contact for months before we bought a home and he never once complained! Thank you Dustan and First Option Mortgage!!!!!!!!!
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