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Purpose: State: Loan Amount: Loan Type: Points:
$ GO
Institution Payments Rates Apr Points Fees Last Update   Phone – A Direct Lender $1140.13 3.625% 3.754% 0.789% $1950.00 10/07/2011 – A Direct Lender $1122.61 3.500% 3.703% 1.697% $1950.00 10/07/2011 – A Direct Lender $1157.79 3.750% 3.814% 0.000% $1950.00 10/07/2011
Data provided by Informa Research Services click here for details

Current Mortgage Rates

Before getting a mortgage in Indiana, a person should educate themselves on Indiana mortgage rates, so they will know what to expect from a home loan. Indiana is a vast state that includes both major cities and areas of farmland, and there are many excellent homes that are for sale in the state.

The costs of homes are lower in Indiana than the national average. In fact, Indiana has the second lowest price of homes among the adjacent states. In addition, the average income in Indiana is much higher than the cost of living. Therefore, homeowners are paying less than normal on their housing expenses.

However, Indiana is lower than the national average when it comes to home appreciation. The foreclosure and bankruptcy rates are also above the national average. Because of the bankruptcy rate, people can find a nice home for less than they would normally pay.

Indiana offers a variety of loans available to homeowners. There are FHA loans or VA loans that provide outstanding Indiana mortgage rates. Individuals might even qualify for down-payment assistance, depending on their income. The state also offers programs to help people with low income.

Citizens in the state can find low Indiana mortgage rates from reputable lenders. Borrowers can consider an adjustable or fixed rate. An adjustable rate starts with a low monthly payment for a certain amount of time; however, when the time period expires, the rate becomes variable and can be adjusted. Therefore, the homeowner needs to make sure that they can continue to make payments if the rate increases.

Because the market is so unpredictable, fixed mortgages are becoming more popular among borrowers. Fixed rates cannot change, so the rate cannot increase or decrease. Fixed mortgage rates today are at an all-time low, so now is an excellent time for homeowners to purchase a home. Fixed mortgage rates today in Indiana range from about 3.75 percent to 4.60 percent, and many people like stability; therefore, a fixed mortgage is the best option.

For people who are looking for a new home now is a great time to take advantage of the low rates. Home is a place where memories are made, so buying a home is a very important decision. Therefore, being knowledgeable about the housing market and interest rates is the first step that a homeowner should take, so that they can own the home of their dreams.

4.25% 30 Year Fixed Rate
Loan Amount
Loan Type