FORT WAYNE, Ind. (WANE) – Indiana ranked 4th nationwide for the biggest drop in mortgage rates in the second quarter of 2025, according to a recent report by Wallet Hub.

Only Alabama, Mississippi, and Iowa saw larger decreases.

But local real estate agents say the numbers don’t tell the whole story.

Cheaper home prices in Indiana make the rates appear more affordable compared with other states, they say.

"It may appear to be lower because you can get a more affordable house in Indiana, which allows you to take advantage of some of these government loans that can get you a lower interest rate. So, whereas a house in Indiana might be $250,000 that same house may be $450,000 in Colorado," said Justin Herber with Coldwell Banker.

He also says move-in ready homes are selling the fastest, f

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