U.S. 10 Year Treasury: 1.407% (increase of 0.47% from 0.93 December 2020)
As the U.S. 10 Year Treasury yield percentage goes up, so do mortgage interest rates. 30-year-Mortgage interest rates sit at an average 2.994% for December, 2021. 30-year-Mortgage rates in December, 2020 averaged 2.865% (+0.13% since 2020).
- An increase in mortgage interest rates is indicated by an increased U.S. 10 Year Treasury yield (+0.47% since 2020)
  - A $250,000 home in 2020 (2.865%) with 20% down payment on 30 year conventional loan = $828.71 monthly mortgage payment ($27.62 per day)
  - A $250,000 home in 2021 (2.992%) with 20% down payment on 30 year conventional loan = $842.34 monthly mortgage payment ($28.09 per day)
- *20% down payment used for examples.* Ask about other down payment options!
- Increase in interest rate correlates with increase in demand to purchase homes
Average Indianapolis rent 2021: $1,193 per month ($39.77 per day)
- 20.1% increase in rent rates from $993 per month in 2020 ($33.1 per day)
- Rent rate is increasing quicker and higher than the rate of inflation (6.2%)
- Rental home owners are collecting an increasing amount of monthly cash-flow during these trying times (20.1% increase in monthly cash-flow since 2020)
Interested in purchasing a home?
- Mortgage rates are historically low during this time. Excellent time to lock in a low fixed-mortgage interest rate and capitalize on an appreciating market.
Interested in selling a home?
- On average, homes in Indianapolis have appreciated by 13.8%.
- Curious about how much your home is worth in today’s market? Let me help you, free of charge.
- Average days on market before selling: 7 days
Know someone who could benefit from this information? Share my contact information with them or send them my way for free market updates.

2 Votes

4 Replies

Jump to Last Reply

Indianapolis Market Update

Most Popular Reply