Mortgage rates in Connecticut
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Connecticut carries one of the highest effective property-tax rates in the Northeast. Below is what buying at Connecticut's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Connecticut
The interest rate on a Connecticut mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Connecticut's median $549,900 home with 20% down, the mortgage totals $439,920, or about $2,778 a month in principal and interest.
What makes Connecticut different is the cost around the loan. Its 1.78% effective property-tax rate adds roughly $816 a month, and homeowners insurance about $206 more — bringing the all-in estimate to $3,800. Those local costs, not the interest rate, are what set Connecticut apart. Your own price and down payment will move the number — work backward from your income with the home-price affordability tool.
Getting approved in Connecticut
Federal HMDA lending records show Connecticut lenders originated 74,717 home loans in 2025 and denied 21,536 applications — an approval rate near 77.6% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our nationwide approval report, and how Connecticut ranks for complaint rankings (5,806 on record).
Shopping for a loan? See the most active mortgage lenders in Connecticut, ranked by federal HMDA volume.
Down-payment help in Connecticut
You rarely need 20% down. CHFA — Connecticut's housing finance agency — runs the state's main assistance program: CHFA Down Payment Assistance offers a low-interest second mortgage of up to $25,000. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at CHFA, see how a smaller down payment changes your number with the how-much-down calculator, or compare the full state-by-state directory.
Connecticut mortgage FAQ
What is the current mortgage rate in Connecticut?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Connecticut loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Connecticut's ~1.78% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Connecticut home?
On Connecticut's median home price of about $549,900 with 20% down at today's 6.49% average 30-year rate, expect roughly $3,800/month — that's $2,778 principal and interest plus about $816 property tax and $206 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Connecticut?
In 2025, Connecticut lenders originated 74,717 home loans and denied 21,536 applications — an approval rate of about 77.6% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.