What is the Current Mortgage Rate in Indiana Today?

*The Indiana 30-year fixed mortgage rate as of Monday, August 10, 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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August 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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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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Ryan Becherer is a great guy to work with and first time home buyer friendly, helped me out and explained every step along the way. I recommend his services fully and would look forward to working with him again in the future.
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Clark at First Option is an excellent experience. He's very responsive, knowledgeable and always solution-focused. He made the transaction seamless for both the client and the agent. I'd gladly partner with him again for any future deals!
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Clark at First Option is an excellent experience. He's very responsive, knowledgeable and always solution-focused. He made the transaction seamless for both the client and the agent. I'd gladly partner with him again for any future deals!
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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.
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Matthew S.
Ryan Becherer is a great guy to work with and first time home buyer friendly, helped me out and explained every step along the way. I recommend his services fully and would look forward to working with him again in the future.
Patrice S.
Clark at First Option is an excellent experience. He's very responsive, knowledgeable and always solution-focused. He made the transaction seamless for both the client and the agent. I'd gladly partner with him again for any future deals!
Sarah S.
Mark and the team he worked with for us was awesome! It was super quick & easy. The communication was amazing! 10/10 recommend.
The Smalling G.
Mark Weddle is one amazing lender! First Option Mortgage has great reputable mortgage representatives and Mark was top-notch level.
Jessica B.
Clark was amazing! His communication was great, he answered all questions and made our first time buying a home very pleasant we will only be using for anything in the future!
Patrice S.
Clark at First Option is an excellent experience. He's very responsive, knowledgeable and always solution-focused. He made the transaction seamless for both the client and the agent. I'd gladly partner with him again for any future deals!