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Connecticut

Current Connecticut Mortgage Rates

Compare Connecticut mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Connecticut.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Connecticut. Plus, shopping lenders is free and there is no obligation.

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Connecticut Mortgage Rates as of May 24, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Connecticut Mortgage Rates

May 24, 2022

Current mortgage rates in Connecticut are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Connecticut Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.250%
15 Year Fixed Rate
%
4.430%
5/1 Adjustable Rate Mortgage
%
4.080%

How Affordable is Housing in Connecticut?

Below we offer valuable insights on the housing market and real estate prices in Connecticut. Understand how much you need to make to buy a house in Connecticut, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Connecticut is affordable for you. We provide this helpful information to help you decide if living in Connecticut is right for you.

The median home value for Connecticut is $370,535

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Connecticut is $60,711

With this income, you could qualify for a $333,481 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Connecticut is $1,406

The median household income for Connecticut is $86,865

Based on this income, you can afford a home valued at approximately $530,165

The home price you can afford to buy based on household income in Connecticut is 143% of the median home value which means housing prices are expensive. Connecticut ranks 33 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Connecticut is expensive

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Additional Mortgage Resources for Connecticut Residents

Mortgage Rates for Connecticut Cities

Bridgeport Mortgage Rates

Hartford Mortgage Rates

Litchfield Mortgage Rates

Middletown Mortgage Rates

New Haven Mortgage Rates

Norwich Mortgage Rates

Tolland Mortgage Rates

Windham Mortgage Rates