In August, 2014, purchase loans accounted for more than half of all loans originated nationwide for the fourteenth consecutive month. Mortgage rates for qualified borrowers with good credit and more than a 20% down payment (or equity) have been hovering between 4.00% and 4.25% for the last year or so.

With mortgage rates at these levels, and with home prices increasing, there has been a sense of urgency among buyers to make their offers and get their loans locked.

Low rates can increase buying power, and save thousands in interest payments over the life of the loan, so it is important to shop reputable lenders, and compare rates through online mortgage comparison sites. First Indiana Mortgage advertises on sites, such as Trulia, and we invite you to compare our rates against any other Indiana lender.

Please visit our website at www.firstindianamortgage.com for more information, or to get a no-obligation rate quote.

In August, 2014, purchase loans accounted for more than half of all loans originated nationwide for the fourteenth consecutive month. Mortgage rates for qualified borrowers with good credit and more than a 20% down payment (or equity) have been hovering between 4.00% and 4.25% for the last year or so. With mortgage rates at these levels, and […]