See the latest Connecticut mortgage rates for fixed loans (30 year, 20, 15, 10 FHA, VA, Jumbo) plus variable rates (10, 7, 5, 3 year). Also see how local rates compares nationally, and main lending options available across the state.
Buying a home in Connecticut can be easier with today’s mortgage rates.
Current Mortgage Rates in Connecticut –
The table below shows today’s home purchase mortgage rates for Connecticut, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.65% | 6.70% | 6.75% | |
| Connecticut | 6.70% | 6.75% | 6.80% | |
| Credit Unions | 6.30% | 6.35% | 6.50% | 8.6/10 |
| Online lenders | 6.40% | 6.45% | 6.60% | 8.3/10 |
| Banks | 6.70% | 6.75% | 6.80% | 8.5/10 |
| 30 year fixed | 6.70% | 6.75% | 6.80% | |
| 30 year fixed FHA | 6.54% | 6.59% | 6.64% | |
| 30 year fixed VA | 6.32% | 6.37% | 6.42% | |
| 30 year fixed Jumbo | 6.93% | 7.31% | 7.50% | |
| 20 year fixed | 6.02% | 6.07% | 6.12% | |
| 15 year fixed | 6.05% | 6.10% | 6.15% | |
| 10 year fixed | 5.49% | 5.54% | 5.59% | |
| 3 year ARM | 3.45% | 3.50% | 3.55% | |
| 5 year ARM | 6.52% | 6.57% | 6.62% | |
| 7 year ARM | 5.98% | 6.03% | 6.08% | |
| 10 year ARM | 6.72% | 6.77% | 6.82% | |
| Satisfaction | 9.1/10 | 8.4/10 | 8.1/10 |
Source: MFP’s Community Home Purchase Rates Survey from Connecticut members in the last 30 days.
How Connecticut Compares to National Averages
- Connecticut mortgage rates (6.70% for best credit scores) are in line with national averages (national average: 6.65%).
- Credit unions are more competitive: In Connecticut, credit unions offer 6.30%, banks 6.70%, online lenders 6.40%.
Mortgage Options in Connecticut
- 30 year fixed: 6.70% - most popular long-term option for predictable payments
- 20 year fixed: 6.02% - balance between payment size and interest savings
- 15 year fixed: 6.05% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.49% - shortest fixed-term option with competitive rates
- 10 year variable: 3.45% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.52% - A mid-term variable option...
- 5 year variable: 5.98% - Shorter-term variable mortgage...
- 3 year variable: 6.72% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Connecticut Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Bridgeport | 6.53% | 5.79% |
| Hartford | 6.49% | 5.75% |
| New Haven | 6.52% | 5.78% |
| Stamford | 6.54% | 5.80% |
| Waterbury | 6.50% | 5.76% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Connecticut Best Mortgage Lenders
See which lenders are most recommended for a home mortgage by community members surveys in the State and in its main metro areas.
Bridgeport, Danbury, Hartford, New Britain, New Haven, Norwalk, Stamford, Waterbury, West Haven, Online lenders.
FAQs – Connecticut Mortgage Rates
Are home purchase rates higher in Connecticut than the U.S. average?
Yes, Connecticut mortgage rates typically run above the national average, reflecting the state’s higher cost of living and competitive housing markets.
What credit score is best for buying a home in Connecticut?
A credit score of 720 or higher typically secures the most competitive mortgage rates available in Connecticut.
Is it better to choose a fixed-rate or ARM in Connecticut?
Fixed-rate mortgages provide payment stability in Connecticut’s higher-cost market, while ARMs may suit those with shorter-term housing plans.
More Info for Connecticut Home Buyers:
Mortgage Rates & Tools
Home Purchase Calculator: Estimate your monthly payment.
Home Affordability Calculator: See what price range fits your budget.
FHA Mortgage Rates: Current rates for FHA buyers.
30 Year Fixed Home Mortgage: Today’s rate for the most common term.
15 Year Fixed Home Mortgage: Today’s rate for faster payoff.
Loan Programs & Assistance
FHA Loans: How FHA mortgages work and who qualifies.
Down Payment Assistance: Programs that help cover your down payment.
Lenders & Homeowner Resources
Best Mortgage Lenders in Connecticut: Community rated lenders by city.
Connecticut Home Insurance Cost: Average premiums and top rated local insurers.
Homeowner Resources & Grants: Grants and assistance programs nationwide.