This week's pricing
Pricing is national and set by the file, not by the state line. What varies by state is everything around it — taxes, assistance, loan limits — which is the rest of this page.
These are survey averages, not offers. Source: Freddie Mac Primary Mortgage Market Survey, retrieved from FRED (Federal Reserve Bank of St. Louis), series MORTGAGE30US. Survey week ending July 30, 2026; retrieved by us on August 1, 2026. Not a quote, not a commitment to lend, and not a rate available to any particular borrower.
No APR is stated with these figures because none exists to state. The Primary Mortgage Market Survey reports note rates only; an annual percentage rate depends on the finance charges of a specific transaction, which a national survey does not collect. These are third-party market observations, not rates offered by BankPricer, and no credit is offered on their terms.
Both series, with their 52-week context
| Product | Survey average | Prior week | 52-week low | 52-week high |
|---|---|---|---|---|
| 30-year fixed | 6.66% | 6.58% | 5.98% | 6.66% |
| 15-year fixed | 6.04% | 5.96% | 5.35% | 6.04% |
Survey averages for the week ending July 30, 2026 (Freddie Mac Primary Mortgage Market Survey via FRED, retrieved August 1, 2026). These are weekly national averages from a survey of lenders, not quotes and not offers of credit. The published survey basis is a conventional, conforming, owner-occupied purchase loan with an 80% loan-to-value ratio and a borrower with strong credit; it is an average across lenders and regions, so no individual borrower was offered it. Your own rate depends on your credit profile, loan amount, loan-to-value ratio, occupancy, property type, lock period and program, and your annual percentage rate will be higher than any note rate once costs are included. Rates change without notice. This is not a commitment to lend.
Any payment figure elsewhere on this site reflects principal and interest only and does not include property taxes, homeowners insurance, mortgage insurance, or HOA dues — your actual monthly obligation will be greater.
We archive every retrieval, so the figures shown on any given day can be shown to be the figures that were published on that day.
What actually shapes the Indiana market
One of the lower price bases in the country
A median near $230,000 against a national median near $420,000 changes what qualifying looks like. The entry point is low enough that the binding constraint for most Indiana buyers is credit profile and down payment rather than debt-to-income headroom.
A low effective property tax rate
Indiana's effective property tax rate averages around 0.83%, roughly half of the Illinois rate. On a $230,000 home that is about $159 a month, against roughly $466 for a comparable home across the Illinois border. Because lenders count property tax in the debt-to-income ratio in full, that difference translates directly into qualifying capacity.
An active investor market
Indianapolis, Fort Wayne, and South Bend see substantial rental investor activity. Acquisition prices low enough to support gross yields in the 8% to 10% range, combined with steady tenant demand and a landlord-friendly statutory framework, keep DSCR volume high across the state.
The affordability advantage is real. It is not a reason to skip the comparison — a poorly structured loan gives back the advantage the price gave you.
Loan programs in Indiana
- Conventional (Fannie/Freddie): 3% to 20% down. The default structure for Indiana buyers with established credit and some savings.
- FHA: 3.5% down at 580+ credit. Widely used because the median sits comfortably inside FHA county limits. Stacked with IHCDA assistance, out-of-pocket can be small.
- VA: Zero down, no monthly mortgage insurance. Indiana hosts multiple installations, including Crane Naval Surface Warfare Center in the south of the state.
- DSCR (investor): Qualifies on rental income, no personal income documentation. Indianapolis and Fort Wayne are among the more active Midwest DSCR markets. See DSCR loans in Fort Wayne.
- USDA: Zero down for properties in rural-designated areas. Large parts of Indiana outside the Indianapolis metro are eligible — check the address, not the county.
- HELOC: A second lien that leaves an existing low first-mortgage rate untouched.
Indiana markets we publish
State capital; a deep rental market.
Northeast Indiana; stable employment base.
Southern Indiana anchor; low cost structure.
University footprint; steady occupancy.
Higher price points north of Indianapolis.
How to compare offers in Indiana
- Compare on the Loan Estimate, not on the rate. Page 2 carries the fees; page 3 carries the five-year cost and the APR. A lower rate with higher fees frequently loses.
- Compare on the same day. Pricing moves intraday, so a quote from Tuesday and a quote from Friday are not a comparison of lenders.
- Compare on the same lock period. A 30-day lock prices better than a 60-day lock; matching that up is a common way people compare two different things.
- Count the property tax line. In Indiana it moves your debt-to-income ratio, which moves what you qualify for — not just what you pay.
- Check assistance eligibility before you apply. Several programs must be in place at application and cannot be added afterwards.
Questions we get about Indiana
- What first-time buyer programs exist in Indiana?
- The Indiana Housing and Community Development Authority runs First Place, which offers up to 6% of the purchase price in down payment assistance as a forgivable second mortgage, and Next Home for repeat and move-up buyers. Both can be combined with an FHA, VA, or conventional first mortgage. Income limits apply.
- How much house does a $60,000 salary buy in Indiana?
- Most lenders allow a debt-to-income ratio between 43% and 50%. With minimal existing debt, that puts the maximum monthly housing payment somewhere around $2,150 to $2,500. At an Indiana median near $230,000 with property taxes averaging 0.83%, an FHA purchase at 3.5% down lands near $1,725 all-in — inside that range, before your own debts are counted. Your actual number depends on your credit profile, your existing obligations, and current pricing.
- Is Indiana workable for rental investment?
- Low acquisition prices, moderate rents, and below-average property taxes produce solid cap rates, particularly in Indianapolis, Fort Wayne, and South Bend. DSCR loans qualify on rental income rather than personal income, with no W-2s or tax returns required. Steady population growth supports long-term rental demand. Underwrite the specific property; state-level averages do not close deals.
Already have a Loan Estimate for a Indiana property?
Send it over. You get where the rate, the points, and the fees sit against the current wholesale panel — including the case where the offer you have is already good and the answer is to take it.
Other states
Figures on this page
Every figure below was migrated from the production Indiana page. None was generated. Each still needs a citation and a retrieved-on date before this page is published:
- Median home price ($230,000), effective property tax rate (0.83%), and gross yield range (8-10%): migrated from the production state page without citations. Verify against county assessor data and current MLS medians.
- IHCDA First Place / Next Home assistance percentages change by program year. Verify against in.gov/ihcda.