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Connecticut

Current Connecticut Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Connecticut. Review free, personalized mortgage rates for Connecticut based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

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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Mortgage Rates for Connecticut as of December 11, 2019
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Get Personalized Mortgage Quotes for Connecticut

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Connecticut Mortgage Rates Compare?

December 11, 2019

The current average rate for a 30 year fixed rate mortgage in Connecticut is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Connecticut Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Connecticut?

The median home value for Connecticut is $298,546

The median household income for Connecticut is $77,318

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Connecticut is $55,390

The home price you can afford to buy based on household income in Connecticut is 140% of the median home value which means housing prices are expensive. Connecticut ranks 31 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

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index