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New Haven

Current Mortgage Rates in New Haven, Connecticut

Compare mortgage rates and fees for leading lenders in New Haven, CT. 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 lender offering the best mortgage rates in New Haven.

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

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Mortgage Rates in New Haven, CT as of August 22, 2019
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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 New Haven, CT Mortgage Rates Compare?

August 22, 2019

The current average rate for a 30 year fixed rate mortgage in New Haven 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
New Haven, CT Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in New Haven, Connecticut?

The median home value for New Haven, CT is $251,919

The median household income for New Haven, CT is $66,855

Based on current mortgage rates and a 10% down payment, you need to make $46,739 per year to buy the median priced home in New Haven

The home price you can afford to by based on household income in New Haven is 143% of the median home value which means housing prices are average

New Haven ranks 7 out of 8 counties in Connecticut and 2,631 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in New Haven, CT is average

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Loan Limits for New Haven, Connecticut

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for New Haven below.

Conforming loan limits for New Haven, CT

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for New Haven, CT

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for New Haven, CT

1 unit: $484,350

Additional Mortgage Resources for New Haven, CT 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/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index