Mortgage Rates in Fort Wayne, Indiana — March 2026
Updated March 2026 | Based on Fort Wayne market data and regional lending conditions
Fort Wayne is a mid-sized city in Indiana with a population of 263,886. The current 30-year fixed mortgage rate in Fort Wayne is 6.75%, which is 0.1% above the national average. With a median home price of $175,000 and a 20% down payment of $35,000, homebuyers can expect a monthly principal and interest payment of approximately $908.
Current Mortgage Rates in Fort Wayne, IN
Below are the current average mortgage rates available in the Fort Wayne area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.35% | 6.25% | +0.1% |
| VA | 6.15% | 6.05% | +0.1% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Fort Wayne Housing Market Overview
The Fort Wayne housing market offers relatively affordable housing compared to many major cities. The median household income in Fort Wayne is $48,250, and the cost of living index is 83.5 (national average = 100). Based on the 28% affordability rule, the median income in Fort Wayne is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Fort Wayne
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Fort Wayne:
15-Year vs. 30-Year Mortgage in Fort Wayne
Choosing a 15-year mortgage in Fort Wayne at 5.99% instead of a 30-year at 6.75% would save you $114,300 in total interest over the life of the loan. However, your monthly payment would be $1,181 instead of $908 — an increase of $273 per month.
Calculate Your Fort Wayne Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Fort Wayne
What are the current mortgage rates in Fort Wayne, IN?
As of March 2026, the average 30-year fixed mortgage rate in Fort Wayne, Indiana is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.35% and VA loans 6.15%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Fort Wayne?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Fort Wayne is $908 for principal and interest. Including property taxes of $124/month, the total monthly housing cost is approximately $1,032.
What income do I need to buy a home in Fort Wayne?
Using the 28% rule, you would need an annual income of approximately $44,229 to afford the median-priced home in Fort Wayne at $175,000. The median household income in Fort Wayne is $48,250. The median income is currently sufficient to meet this threshold.
Is Fort Wayne a good place to buy a home in 2026?
Fort Wayne offers a below-average cost of living with a cost of living index of 83.5 (national average = 100). The property tax rate in Indiana is 0.85%, which is near the national average. Fort Wayne has a population of 263,886 and offers a very affordable lifestyle.
Mortgage Rates in Other Indiana Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Fort Wayne, Indiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.