Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Mortgage rates in Connecticut

Rates generally match or are just under the national average.

30-year mortgages in the Constitution State average 4.600% across conventional and government-backed loans. And interest rates should stay around this range in the upcoming year.

Compare mortgage lenders and brokers

Compare these lenders and lender marketplaces by the type of home loan you're searching for, state availability and minimum credit score (for a conventional loan). Select See rates to provide the company with basic property and financial details for personalized rates.
Name Product Loan products offered State availability Min. credit score
(NMLS #1121636)
Conventional, Home equity, Refinance
Not available in: AK, HI, MO, NH, NM, NY, SD, WV
No hidden fees, multiple loan terms, and member discounts available.
(NMLS #330511)
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
Online preapproval in minutes and no origination fees with this direct lender.
Axos Bank
(NMLS #524995)
Axos Bank
Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Available in all states
Purchase, refinance, and home equity options available with lender fees as low as $0 (restrictions apply).
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
Streamline your mortgage from quote to final payment — all from your computer or phone.
(NMLS #1136)
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
Connect with vetted home loan lenders quickly through this online marketplace.

Compare up to 4 providers

How much do Connecticut rates vary by loan?

Average mortgage rates for a 30-year home loan in Connecticut ranged between 4.513% to 4.627% in 2018. The type of loan and the loan term you choose can affect your mortgage rate. For example, a 15-year mortgage generally has a lower interest rate than a 30-year term.

2018 average rates in Connecticut by loan type

Loan type15-year average rate30-year average rate
USDANot available4.627%

Based on data from

To illustrate, let’s say you have a $205,000 mortgage. A 30-year conventional loan with an interest rate of 4.602% might cost $1,051.17 a month, excluding property tax, home insurance, and other fees specific to your mortgage. On the other hand, if you can afford a higher monthly payment, a 15-year loan might run you $1,531.51. You’ll pay more monthly, but you’ll save $102,748.71 in interest over the course of the loan.

Mortgage rates in Connecticut should hover around 4% into 2020.

Since 1984, mortgage rates in Connecticut have typically matched or come in slightly lower than the national average. According to Bankrate’s chief financial analyst, Greg McBride, CFA, the benchmark 30-year rate hovers around the 4% mark. And nationwide housing agencies expect national rates to average 3.70% in 2020. That means Connecticut should match or even come in slightly under for 2020.

Compare mortgage rates throughout Connecticut

Mortgage rates and home values in Connecticut vary from city to city — affecting what you pay each month.

We used data from the Home Mortgage Disclosure Act to figure out what you might pay on a 30-year fixed-rate mortgage in different metropolitan areas in Connecticut. Rates and amounts do not consider PMI, taxes, fees or costs specific to your mortgage.

Metropolitan statistical area (MSA)Average mortgage rateMedian loan amountEstimated monthly cost
Hartford-East Hartford-Middletown4.584%$205,000$1,050
New Haven-Milford4.685%$205,000$1,060
Norwich-New London4.578%$205,000$1,050
Worcester MSA (Windham County, CT)4.758%$185,000$970

Based on data from

How to get the best mortgage rate in Connecticut

Several factors go into determining your mortgage rate. A few steps you can take to try to get the best rate possible:

  1. Research loan programs. Lenders may assign different interest rates to their loan programs. Compare loan types and see which programs you may qualify for.
  2. Improve your borrowing profile. The most attractive borrowers have good credit scores and low debt-to-income ratios.
  3. Calculate the closing costs. To close on your loan, you’ll need to pay a set of closing costs. Lenders charge fees that typically range between 0.96% to 1.28% of the final home sales price.

Historical mortgage interest rates in Connecticut

Bottom line

Connecticut mortgage rates generally come in or below the national average. Compare a few mortgage lenders to check interest rates, loan programs and closing costs so you can get the best terms for your home loan.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site