Mortgage rates in Connecticut
30-yr fixed 7.18% · Freddie Mac PMMS, week of Nov 5, 2026 · APR benchmark 7.19% (APOR for locks from Nov 9, 2026) · Last reviewed Oct 18, 2026 by the Editorial Team
Connecticut carries one of the highest effective property-tax rates in the Northeast.
Mortgage rates today by loan type
These are national averages. Lenders in Connecticut price off the same national market, so treat them as a benchmark: your quote depends on your credit, down payment, loan size and points. The APR benchmark folds in typical points and fees, so it shows what a prime borrower's APR looks like this week.
| Loan type | Avg rate | APR benchmarkAPOR | Source · as of | What it measures |
|---|---|---|---|---|
| 30-year fixed | 7.18% | 7.19% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 20-year fixed | 6.66% | 6.93% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 15-year fixed | 6.57% | 6.67% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 10-year fixed | 6.31% | 6.82% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 5-year ARM | 6.73% | 6.67% | Zillow (via NerdWallet)Nov 6, 2026 | Fixed for 5 years, then adjusts; APOR = prime ARM benchmark |
| 7-year ARM | — | 6.50% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| 10-year ARM | — | 6.63% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| FHA 30-year | 6.89% | — | Optimal Blue OBMMINov 5, 2026 | Locked FHA loans, all credit profiles; daily |
| VA 30-year | 6.71% | — | Optimal Blue OBMMINov 5, 2026 | Locked VA loans; daily |
| USDA 30-year | 6.86% | — | Optimal Blue OBMMINov 5, 2026 | Locked USDA loans; daily |
| Jumbo 30-year | 7.25% | — | Optimal Blue OBMMINov 5, 2026 | Locked loans above the conforming limit; daily |
APR benchmark = FFIEC/CFPB Average Prime Offer Rate for rate locks in the week starting Nov 9, 2026 (published in advance): a prime borrower's APR including typical points and fees. It is not a quote; your APR depends on credit, down payment and the points you pay. APOR is not published for FHA, VA, USDA or jumbo loans.
Calculate your Connecticut mortgage payment
The calculator starts from Connecticut's median list price, 20% down, the state's 1.62% effective property tax, its median insurance premium and its average closing costs. Switch to FHA or VA, change the down payment, or pick your county to set its conforming limit. For the month-by-month split of principal and interest, open the full payoff schedule. To see how Connecticut's property tax and insurance compare with every other state, try the full PITI calculator.
Connecticut vs. the U.S.
Connecticut's median list price is 23% above the U.S. median, so at the same 7.18% rate the principal and interest on a 20%-down loan runs $515 a month more. Home values rose faster than the national average over the latest year, which builds equity sooner and can let PMI come off earlier on a low-down-payment loan. Five-year price growth here was the 4th-fastest of 51 jurisdictions.
| Measure | Connecticut | U.S. |
|---|---|---|
| Median list priceRealtor.com, Oct 2026 | $510,000 | $415,000 |
| Principal + interest, 20% down30-yr avg 7.18% | $2,764 | $2,249 |
| Average home-purchase loanHMDA 2025 | $439,517 | $404,828 |
| Average closing costsincl. transfer taxes | $4,249 | $4,661 |
| Median conventional rate paid2025 purchase loans | 6.63% | 6.50% |
| Mortgage approval rateHMDA 2025 | 77.6% | 76.6% |
| Home values, 1 yearFHFA index, Q2 2026 | +5.7% | +3.0% |
| Home values, 5 yearsFHFA index, Q2 2026 | +56.1% | +41.3% |
What Connecticut borrowers actually paid in 2025
This is the state-specific part. Federal HMDA records show the rate and costs on every Connecticut home-purchase loan closed in 2025. We compare like with like: 30-year fixed, first-lien, one-unit primary homes. On conventional loans, Connecticut borrowers paid 0.08 percentage points above the market benchmark at lock, the 3rd-highest of all 50 states and the District of Columbia.
| 2025 purchase loans | Median rateCT · U.S. | Over benchmarkCT · U.S. | Closing costsCT · U.S. | Paid pointsshare of loans | Median downequity on refis · CT |
|---|---|---|---|---|---|
| Conventional 30-yr fixed (conforming, 20%+ down)8,240 loans | 6.63%6.50% | +0.08+0.02 | $5,916$5,476 | 44.7%53.2% | 25% |
| Jumbo 30-yr fixed (20%+ down)498 loans | 6.38%6.63% | −0.16+0.00 | $9,706$10,251 | 32.5%38.4% | 20% |
| FHA 30-yr fixed2,848 loans | 6.38%6.25% | +0.52+0.42 | $12,257$11,291 | 44.6%59.3% | 3.5% |
| VA 30-yr fixed1,214 loans | 6.25%6.13% | −0.27−0.36 | $8,332$6,554 | 48.0%59.3% | 0% |
| Conventional rate-and-term refinance1,302 loans | 6.13%6.38% | −0.08−0.06 | $4,943$4,390 | 48.0%45.4% | 31.2% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), medians. "Over benchmark" = rate spread, the APR minus APOR on the lock date, which removes the effect of when each loan locked. Closing costs = total loan costs on the Closing Disclosure. HMDA has no credit scores, so these are what borrowers paid, not what you will be offered. See the lenders active in Connecticut and what their borrowers paid.
Connecticut's biggest conventional lenders: what their borrowers paid
The 8 largest conventional lenders in Connecticut by 2025 purchase loans, out of 496 that made one. Each row is the median for that lender's comparable loans here: 30-year fixed, conforming, 20% or more down. A lower figure over the benchmark means cheaper pricing for the same week.
| Lender | 2025 loansshare in CT | Median rate | Over benchmark | Originationmedian | Paid pointsshare · median | Median down |
|---|---|---|---|---|---|---|
| Total Mortgage Services, LLC | 1,7986.6% | 6.75% | +0.28 | $1,985 | 45%$3,000 | 22% |
| United Wholesale Mortgage | 1,3374.9% | 6.62% | +0.13 | $4,006 | 52%$1,797 | 25% |
| Rocket Mortgage | 1,0193.7% | 6.63% | +0.05 | $3,603 | 62%$2,967 | 25% |
| First World Mortgage Corporation | 9633.5% | 6.50% | +0.17 | $2,486 | 64%$2,085 | 24.5% |
| Liberty Bank | 9523.5% | 6.38% | −0.12 | $675 | 25%$1,276 | 25% |
| CrossCountry Mortgage | 8062.9% | 6.83% | +0.26 | $1,590 | 41%$1,712 | 25% |
| CMG Home Loans | 7812.8% | 6.75% | +0.12 | $2,340 | 57%$2,138 | 20.9% |
| Chase | 7782.8% | 6.38% | −0.18 | $1,710 | 59%$2,191 | 25% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), lenders with at least 30 comparable loans in Connecticut. Minimum credit scores are not shown here: conventional loans usually start at 620 (a lender floor; Fannie Mae's automated underwriting sets none), FHA 580 (500 with 10% down), VA none set by VA (lenders often 620). HMDA has no credit scores, so a lender's medians reflect its own mix of borrowers. FHA and VA lenders: Connecticut lender rankings.
How rates have moved
Weekly national averages over the past 30 days to 5 years. The 30- and 15-year lines are Freddie Mac average rates; the ARM lines are the APOR APR benchmark, because no free weekly ARM rate series exists.
- Now
- 7.18%
- Nov 5, 2026
- 1 week ago
- 7.24%
- −0.06 pts
- 1 month ago
- 7.40%
- −0.22 pts
- 1 year ago
- 6.22%
- +0.96 pts
30-year fixed: Freddie Mac PMMS (rate), weekly. National series.
What a mortgage costs in Connecticut
On a home at Connecticut's median list price of $510,000 with 20% down, the mortgage totals $408,000, or about $2,764 a month in principal and interest at the 7.18% 30-year average.
What makes Connecticut different is the cost around the loan. Its 1.62% effective property-tax rate adds roughly $689 a month, and homeowners insurance — at the state's median 0.40% of home value — about $170 more, bringing the all-in estimate to $3,622. That figure is principal and interest at the 30-year average, property tax and insurance; at 20% down a conventional loan has no PMI, and HOA dues or local special assessments are not included. Your own price and down payment will move the number — work backward from your income with the home-price affordability tool.
Payment at the $510,000 median list price by down payment and loan type
| Loan | Rate | Monthlyall-in | Mortgage ins. | Cash to close | Income needed28% rule · yearly |
|---|---|---|---|---|---|
| Conventional, 20% downNo PMI | 7.18%Freddie Mac 30-yr avg | $3,622P&I $2,764 | — | $106,249 | $155,000 |
| Conventional, 10% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $4,236P&I $3,109 | $268 | $55,249 | $182,000 |
| Conventional, 5% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $4,423P&I $3,282 | $283 | $29,749 | $190,000 |
| Conventional, 3% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $4,498P&I $3,351 | $289 | $19,549 | $193,000 |
| FHA, 3.5% down1.75% upfront MIP financed + annual MIP | 6.89%OBMMI FHA avg | $4,379P&I $3,295 | $226 | $22,099 | $188,000 |
| VA, 0% down2.15% funding fee financed; no monthly MI | 6.71%OBMMI VA avg | $4,224P&I $3,365 | — | $4,249 | $181,000 |
Monthly = principal and interest + property tax (1.62% effective) + homeowners insurance (about $170/mo — Connecticut's median premium, 0.40% of home value) + mortgage insurance. HOA dues and local special assessments are not included. Cash to close = down payment + Connecticut's average closing costs ($4,249). PMI is an illustrative 0.7% a year; FHA and VA figures use HUD's MIP schedule and VA's first-use funding fee. Income needed = the gross yearly income at which the monthly figure is 28% of pay, the classic housing-cost guideline. Lenders also limit your total monthly debts as a share of income, so car, student-loan and card payments raise the income you need.
Prices, loan limits and payments in Connecticut's biggest counties
Home prices, and so the loan you need, vary more inside Connecticut than rates do. The table covers the largest county markets and the high-cost counties where the conforming limit is higher. Pick a row to load it into the calculator above.
| County | Median list priceSep 2026 · yr/yr | Avg purchase loanHMDA 2025 | Conforming limitmax price at 20% down | At 20% down | Est. paymentP&I + tax + ins. | Calculator |
|---|---|---|---|---|---|---|
| Western Connecticut Planning Region1,288 homes for sale · Sep 2026 | $894,225-6.8% | — | $977,500$1,221,875 | Conforming$715,380 loan | $6,352at 7.18% | |
| Capitol Planning Region1,020 homes for sale · Sep 2026 | $414,675+2.4% | — | $832,750$1,040,937 | Conforming$331,740 loan | $2,945at 7.18% | |
| South Central Connecticut Planning Region852 homes for sale · Sep 2026 | $425,000-10.1% | — | $832,750$1,040,937 | Conforming$340,000 loan | $3,019at 7.18% | |
| Naugatuck Valley Planning Region825 homes for sale · Sep 2026 | $404,4500% | — | $851,000$1,063,750 | Conforming$323,560 loan | $2,873at 7.18% | |
| Greater Bridgeport Planning Region496 homes for sale · Sep 2026 | $592,450+7.2% | — | $977,500$1,221,875 | Conforming$473,960 loan | $4,208at 7.18% | |
| Southeastern Connecticut Planning Region454 homes for sale · Sep 2026 | $469,974+4.4% | — | $832,750$1,040,937 | Conforming$375,979 loan | $3,338at 7.18% | |
| Northwest Hills Planning Region397 homes for sale · Sep 2026 | $626,225-2.8% | — | $832,750$1,040,937 | Conforming$500,980 loan | $4,448at 7.18% | |
| Lower Connecticut River Valley Planning Region382 homes for sale · Sep 2026 | $621,200-1.1% | — | $832,750$1,040,937 | Conforming$496,960 loan | $4,412at 7.18% | |
| Northeastern Connecticut Planning Region186 homes for sale · Sep 2026 | $471,125+6.2% | — | $832,750$1,040,937 | Conforming$376,900 loan | $3,346at 7.18% |
Sources: Realtor.com county research data (median listing price, Sep 2026); FHFA 2026 one-unit conforming limits; 2025 HMDA home-purchase originations (average loan, all loan types). Payments use the 30-year average (7.18%, or the jumbo average 7.25% above the limit), Connecticut's 1.62% effective property tax and its median insurance premium (0.40% of value), both from Census ACS 2024 data; county tax rates differ. Max price at 20% down = the county limit ÷ 0.8, the highest price at which a 20%-down loan stays conforming. Homes for sale = active Realtor.com listings in the month, excluding pending sales.
What's different about buying a home in Connecticut
Rates are national, but the rules around the loan are not. These Connecticut specifics can change your payment, your closing or your protections as a borrower.
Only Connecticut attorneys may conduct closings
Connecticut law bars anyone but an attorney admitted in the state from conducting a real estate closing, which covers purchases and mortgage loans that involve a lender's title insurance policy. Home equity lines of credit are excluded. In practice, an attorney rather than an escrow officer runs a typical purchase closing.
Source: cga.ct.govSeller condition report asks about pyrrhotite
Sellers of one-to-four-unit homes generally must give buyers a written residential condition report before a contract is signed, and it asks about pyrrhotite in the foundation. If the seller skips it, the contract must credit the buyer $500 at closing. Answers reflect only what the seller actually knows.
Source: cga.ct.govInsurers may not drop homes for crumbling foundations
The Connecticut Insurance Department has directed insurers not to cancel or non-renew a homeowners policy because a foundation is crumbling or deteriorating, and it will not approve rules allowing that or a premium increase based solely on unrepaired damage. The notice covers cancellation and renewal, not whether a policy pays for repairs.
Source: portal.ct.govConnecticut assesses property at 70% of value
Connecticut towns assess all property for local tax at a uniform 70% of its present true and actual value, and must revalue on a five-year cycle. Between revaluations the assessment generally stays fixed, and the town's mill rate is applied to it. Compare homes by assessment and mill rate, not price.
Source: cga.ct.govForeclosure runs through court-supervised mediation
Connecticut mortgage foreclosures are decided by the courts, which may order a sale instead of a strict foreclosure, and the Judicial Branch runs a foreclosure mediation program for owner-occupied one-to-four-family homes. Mediation can cover reinstatement, short sales, deeds in lieu and restructuring. For borrowers, it is a structured chance to negotiate before judgment.
Source: cga.ct.govChecked against official sources on October 19, 2026. Laws and programs change; confirm details with the agency named or a local real estate attorney.
How Connecticut buyers finance their homes
Connecticut leans conventional: 87.0% of 2025 originations were conventional loans (U.S. 78.0%), while FHA made up 9.1% and VA 3.5% — below the national 13.2% and 8.2%. Government-backed loans are still widely available; they are simply a smaller slice of what borrowers here choose.
| Loan type | Share in CT | U.S. share | Approval in CT | Avg loan in CT |
|---|---|---|---|---|
| Conventional | 87.0% | 78.0% | 78.0% | $362,327 |
| FHA | 9.1% | 13.2% | 72.7% | $349,483 |
| VA | 3.5% | 8.2% | 79.8% | $412,330 |
| USDA | 0.4% | 0.6% | 90.0% | $54,826 |
The average Connecticut home loan in 2025 was $361,741 — 3% above the U.S. average of $352,861, the 16th-largest of 51 jurisdictions. Home purchases accounted for 61.9% of those loans (U.S. 64.2%); cash-out refinances for 19.1% (U.S. 17.1%).
Source: 2025 HMDA originations, FFIEC/CFPB. Approval = originated ÷ (originated + denied).
Connecticut loan limits for 2026
3 of Connecticut's 9 counties are high-cost areas for 2026, with one-unit conforming limits above the $832,750 baseline — highest in Greater Bridgeport Planning Region ($977,500), Western Connecticut Planning Region ($977,500), Naugatuck Valley Planning Region ($851,000). Everywhere else in the state the cap is $832,750, so the same loan amount can be conforming in one county and jumbo in the next. See the full national grid in our full FHFA limit schedule, and if you are over the line, what changes with jumbo loan rates.
County limits: FHFA 2026 conforming loan limit list (one-unit properties; two- to four-unit limits are higher).
Cash you'll need to close in Connecticut
Average closing costs in Connecticut are about $4,249 including transfer taxes (No. 18 of 51, highest first). On a home at the median list price of $510,000:
| 20% down | 3% down | |
|---|---|---|
| Down payment | $102,000 | $15,300 |
| Average closing costs | $4,249 | $4,249 |
| Cash to close (estimate) | $106,249 | $19,549 |
Prepaid taxes and insurance are extra. Closing-cost averages by state (source: Bankrate).
Transfer taxes and recording rules in Connecticut
Connecticut's state conveyance tax on homes is marginal: 0.75% of the price up to $800,000, 1.25% from there to $2.5 million and 2.25% above that, plus a municipal conveyance tax of 0.25% (up to 0.5% in some towns). Source: portal.ct.gov
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 (5,955 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. These are the main programs from CHFA, Connecticut's housing finance agency; they are offered through participating lenders, usually alongside the agency's own first mortgage.
Time To Own
A 0% forgivable loan of $3,000 to $25,000 for the down payment and closing costs, with no monthly payment. One-tenth is forgiven on each closing anniversary, so it is fully forgiven after 10 years. Funding is allocated in rounds and can run out.
Source: chfa.orgDown Payment Assistance Program (DAP)
A low-rate second mortgage (at least $3,000) paired with a CHFA first mortgage; it can be combined with Time To Own.
Source: chfa.orgChecked against official sources on October 9, 2026. Assistance amounts, income limits and funding change during the year — confirm current terms with CHFA or a participating lender.
No state mortgage credit certificate in Connecticut
CHFA's list of homebuyer mortgage programs includes no MCC. Mortgage credit certificates by state.
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.
How these numbers are measured
- Freddie Mac PMMS (30- and 15-year): a weekly average of rates offered to borrowers with 20% down and strong credit, published Thursdays; latest week Nov 5, 2026. Points are not reported.
- Optimal Blue OBMMI (FHA, VA, USDA, jumbo): daily averages of rates actually locked, across credit profiles. Points vary by loan.
- APOR (APR benchmark): FFIEC/CFPB's weekly Average Prime Offer Rate, an APR that includes typical points and fees for a prime borrower. Regulators use it to flag higher-priced loans.
- HMDA 2025 (Connecticut vs U.S.): rates, costs, points and down payments on loans that actually closed, reported by lenders to federal regulators. Updated once a year.
- Census ACS 2024 (property tax and insurance): what homeowners with a mortgage in Connecticut reported paying — the median real-estate tax divided by the median home value, and the median insurance premium as a share of value. Updated once a year.
- Interest rate vs APR: the rate sets your payment; the APR adds points and lender fees spread over the loan. Compare APRs on Loan Estimates for the same day and loan type.
Rates and APOR refresh every week; HMDA, loan limits and closing-cost averages refresh when their publishers release new data. Reviewed by our editorial reviewers. Full sources and formulas: source and method details.
Connecticut mortgage FAQ
What is a good mortgage rate in Connecticut right now?
A 30-year fixed close to the national average of 7.18% (Freddie Mac, week of Nov 5, 2026) is a fair benchmark for a borrower with strong credit and 20% down. In 2025, Connecticut's conventional buyers paid a median 6.63%.
Quotes well above that usually reflect lower credit, a small down payment or lender credits taken in exchange for a higher rate.
Are mortgage rates higher in Connecticut than in other states?
Slightly. In 2025 HMDA records, Connecticut's median conventional 30-year rate was 6.63%, against 6.50% nationally. Against the benchmark for each loan's lock week, which counts points and fees, Connecticut loans priced 0.08 percentage points above it (the 3rd-highest of all 50 states and the District of Columbia), against 0.02 above nationally.
Rates are set mainly in one national market, so your credit, down payment and loan size matter more.
What are current jumbo mortgage rates in Connecticut?
The national jumbo 30-year average is 7.25% (Optimal Blue). In 2025, Connecticut's jumbo buyers paid a median 6.38%. A loan is jumbo above the $832,750 conforming limit, or above $977,500 in Connecticut's highest-cost counties.
Jumbo lenders typically want 10–20% down, a 700+ credit score and 6–12 months of reserves.
Should I choose a 15-year or 30-year mortgage?
On a $408,000 loan (20% down on Connecticut's median list price), a 30-year at 7.18% costs $2,764 a month and a 15-year at 6.57% costs $3,570.
The 15-year saves about $352,446 in interest but needs $806 more a month, so it fits only if that payment is comfortable.
How much does a 1% difference in mortgage rates change my monthly payment?
On a $408,000 loan (20% down on Connecticut's median list price), moving from 7.18% to 8.18% raises the principal-and-interest payment from $2,764 to $3,045, or $281 a month.
Over 30 years that is about $101,224 more in interest, which is why comparing several lenders on the same day matters.
Are mortgage rates different for purchase and refinance loans?
Yes, slightly. In 2025, Connecticut's conventional rate-and-term refinances closed at a median 6.13% and purchases at 6.63%, partly because refinances bunch up when rates dip. Refinances priced 0.08 percentage points below the market benchmark; cash-out refinances usually cost more. Your own pricing depends on credit, loan-to-value and points.
How much is a $400,000 mortgage at 7.18% interest?
About $2,710 a month in principal and interest over 30 years. In Connecticut, a $500,000 home with that loan adds roughly $675 a month in property tax at the 1.62% effective rate, plus homeowners insurance. Over 30 years the loan costs about $575,506 in interest.
How much income do I need to buy a home in Connecticut?
About $155,000 a year for a home at the $510,000 median list price with 20% down, if the full $3,622 monthly payment, including tax and insurance, stays within 28% of gross income.
Smaller down payments add mortgage insurance and raise that figure; existing debts lower what lenders approve.
What down payment assistance is available in Connecticut?
CHFA, the state housing finance agency, runs Time To Own and Down Payment Assistance Program (DAP), offered through participating lenders. Help usually comes as a grant or a deferred or forgivable second loan paired with the agency's first mortgage.
Amounts, income limits and funding change during the year, so confirm current terms with CHFA or a participating lender before you apply.
- Freddie Mac — Primary Mortgage Market Survey
- FFIEC / CFPB — Average Prime Offer Rates (APOR)
- FFIEC / CFPB — HMDA data browser (2025 loan-level records)
- Optimal Blue OBMMI via FRED (FHA, VA, USDA, jumbo)
- FHFA — 2026 conforming loan limits by county
- U.S. Census Bureau — 2024 American Community Survey microdata (property tax and homeowners insurance)
- HUD — Handbook 4000.1 (FHA mortgage insurance)
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.