Rates as of July 21, 2026
| Program | Mortgage Rate | APR* | Change |
|---|---|---|---|
| Conventional 30-year fixed | |||
| Conventional 30-year fixed | 6.735% | 6.779% | Unchanged |
| Conventional 15-year fixed | |||
| Conventional 15-year fixed | 6.213% | 6.28% | -0.01 |
| 30-year fixed FHA | |||
| 30-year fixed FHA | 6.225% | 6.258% | Unchanged |
| 30-year fixed VA | |||
| 30-year fixed VA | 6.345% | 6.379% | Unchanged |
| 5/1 ARM Conventional | |||
| 5/1 ARM Conventional | 6.438% | 6.681% | +0.01 |
| Conventional 20-year fixed | |||
| Conventional 20-year fixed | 6.636% | 6.692% | +0.02 |
| Conventional 10-year fixed | |||
| Conventional 10-year fixed | 6.25% | 6.312% | +0.04 |
| Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions See our rate assumptions here. | |||
Buying a Home in Indiana
In Indiana, it is a requirement that a seller fills out a disclosure form. Indiana Code 32-21-5 says the seller must disclose any known fact about the property and its condition.
In the past, Indiana law supported “let the buyer beware,” so that the purchaser had all the responsibility to hire an inspector to expose the condition of the home.
But, in recent years, the Indiana legislature has become much more protective of the buyers’ rights. Now the courts have begun to hold the seller responsible if they knowingly held back information about defects from a prospective buyer.
To the best of his or her knowledge, the seller is required to notify the buyer of any known material defects that may devalue the property in the future, such as a defective foundation.
The buyer is taking the seller’s word on trust regarding the accuracy and comprehensiveness of disclosures. Unfortunately, not all sellers will be completely candid. It’s always wise to hire a home inspector, no matter which state you’re buying in.
Refinancing in Indiana
It’s as easy to refinance in Indiana as it is in most other states. There appear to be no legal obstacles for you to overcome.
One point worth weighing is your choice between a fixed-rate mortgage (FRM) and an adjustable-rate mortgage (ARM).
ARMs have been out of fashion for many years, in spite of coming with significantly lower mortgage rates than FRMs. Home buyers and those refinancing have been worried about the inherent risk they bring. If interest rates rise, so do your monthly payments. That remains true, but your payment can fall when interest rates fall, too.
An ARM’s payment can rise or fall over time as interest rates move, which is the trade-off for its lower starting rate.
Many borrowers prefer the payment certainty of a fixed-rate mortgage. Mortgage rates change daily — check today’s rates above.