Merchants Bank of Indiana
1,014 mortgages originated in 2025 across 5 states, and what they cost borrowers.
30-year fixed, this week
6.58%
Freddie Mac’s survey average for the week of July 23, 2026 — a year earlier it was 6.75%, and the past year ranged 5.98–6.72%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 1,014
- Median rate
- 6.500%
- Median lender fees
- $4,020
- Median loan amount
- $355,000
- Median spread over APOR
- 0.099
- Paid discount points
- 25%
- Received lender credits
- 37.1%
- Purchases / refinances
- 68% / 31.5%
- Conventional / FHA / VA
- 94.8% / 2.8% / 2%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 74.8% of loans here — see methodology.
Where Merchants Bank of Indiana lent
States with at least 50 loans in 2025, ranked by volume.
| State | Loans | Median fees | Median rate |
|---|---|---|---|
| Indiana | 369 | $2,717 | 6.625% |
| Massachusetts | 146 | $5,706 | 6.495% |
| Ohio | 100 | $3,749 | 6.715% |
| Illinois | 93 | $5,362 | 6.375% |
| Missouri | 82 | $1,081 | 6.250% |