Indianapolis, IN
Mortgage expert warns of rising home prices while interest rates lower
INDIANAPOLIS (WISH) — Mortgage expert Tom Hlava joined WISH-TV Sunday morning to talk about today’s market and what it means for home buyers, sellers, and homeowners.
Hlava told News 8’s Stacey Schooler that the Federal Reserve does not change mortgage rates. They change the federal funds rate, which he says is more closely tied to car loans and credit cards.
Hlava says that if we wait until the mortgage rate drops, there will be many more buyers and prices will rise even further.
“Should I wait until the Colts are just about ready to go to the Super Bowl to buy tickets to a game? Probably not, because by then it’s a little bit too late. The market has gone way up. I think it’s pretty much the same way with interest rates”.
The new average home price in Indianapolis for a two- to three-bedroom house is $250,00 to $300,000.
“When I started in the mortgage business many, many years ago, rates were 13% and 14%. But houses were, like you said,
$ 70,000- $ 80,000. We don’t have those houses. Now it’s a half million dollars”.
Hlava added that there is a program for the families of first responders and a duty death program that will erase the loan for that first responder’s family.
Indianapolis, IN
Peace on the Plaza: Community building through basketball
INDIANAPOLIS (WISH) — While fireworks are the centerpiece of most Independence Day celebrations, one July 4th event in Indianapolis focused on bringing unity through athletic competition.
“Peace on the Plaza” was held at Gainbridge Fieldhouse Saturday afternoon and evening. The focal point of the event was a 3-on-3 basketball tournament featuring eight teams with young men who have ties to area nonprofits and other community organizations, like IndyPeace.
Shardae Hoskins, Administrator for Community Violence Reduction for the City of Indianapolis, said the participants were, “a bunch of teams that all play together often, and are all a part of mentoring or other community organizations… We really wanted to highlight those teams and give them an opportunity to play on such a big stage.”
The event was part of the city’s violence reduction strategy.
“Communities that have meetings, communities that have parks or opportunities for each other just to gather with each other, also have reduced violence,” Hoskins said. “Community builds peace.”
The teams were coached by people like Chauncey Anderson, a life coach who works with young adults to help them become productive citizens.
“My team got knocked out early, I’m kinda in my feelings about that,” Anderson said, smiling. “But they did (well), they held the fort down. And at the end of the day, they showed good sportsmanship and they just linked up with some people that they didn’t know prior to this. So it was a win.”
For those not interested in hoops, the other side of the basketball court had games like cornhole and Giant Jenga. Nearby, workers gave out free snow cones to offer relief from the sweltering heat. There were also opportunities to sign up for free programs to build skills, like conflict resolution.
Indianapolis, IN
Evening storms on July 4 could impact Indianapolis fireworks shows
Hear Indiana Veterans reflect on what America’s 250th means for them
Indiana Veterans from American Legion Post 155 and Veterans of Foreign Wars 10003 looked back on their service and ahead to America’s next 250 years.
Thunderstorms could move in over Central Indiana this afternoon and evening as Indianapolis celebrates the Fourth of July, dampening fireworks shows.
The National Weather Service forecasts that scattered showers and thunderstorms could hit the Indianapolis area before 8 p.m. today, with showers likely and another thunderstorm possible between 8 and 9 p.m. – right before many area fireworks shows are scheduled to begin. The rainy skies aren’t likely to clear until after midnight, and the chance of precipitation today is around 60%.
The storms will move eastward as a low-pressure system in Illinois begins to collide with the hot, moist air mass enveloping Indiana, according to National Weather Service meteorologist Jason Puma. Areas north of Indianapolis are more likely to see thunder and showers on the evening of July 4, while southern Indiana may dodge the storms, Puma said.
Organizers of the largest fireworks shows near Indianapolis haven’t announced any cancellations yet.
“Fourth Fest will be going ahead as scheduled,” Faith Thompson, a spokesperson for the Downtown Indy Alliance, which organizes the fireworks show downtown, wrote in an email. Updates will be posted on the Downtown Indy Alliance’s social media accounts.
Heat and humidity could impact festivities during the rest of the day. With a forecast high of 88 F and a heat index that could rise to 95 degrees in the late afternoon, Indianapolis remains under a National Weather Service heat advisory until 9 p.m. Tomorrow’s forecast is slightly cooler with scattered showers possible.
Though temperatures have cooled slightly after last week’s scorching heat wave, Puma said the health effects of hot weather can build up over time.
If you start to feel overheated, Puma recommends drinking plenty of fluids and moving indoors. If you’re planning to participate in outdoor activities, stay out of the sun during the hottest parts of the day, he said.
Tilly Robinson is a Pulliam fellow for the Indianapolis Star. She can be reached at tilly.robinson@indystar.com.
Indianapolis, IN
Meet the 2026 Colts Cheer Squad: Danaë
View the creative headshots of the finalists competing for a spot on the 2026 Indianapolis Colts Cheer squad during Saturday’s Cheer Audition Showcase. Tune in to watch the team announcement LIVE on Colts social media platforms at 6:15 PM ET, March 7.
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