Contact a Connecticut lender to learn more about local requirements for mortgages. The use of adjustable rate mortgages, interest only mortgages. Some Connecticut homeowners who secured a loan in 2008 or before, may be locked into interest rates that hit the 8 percent mark. Typically, home values increase over time. Home values are constantly changing depending on buyer demand and the local market. The average Connecticut mortgage rate for a fixed 30-year mortgage is 6.09 (Zillow, Jan. This ensures you’re not paying more for a home than it’s worth on a purchase transaction and verifies the amount of equity available on a refinance transaction. Though, refinance rates can be higher.Ī lot of lenders will require an appraisal during the mortgage process to determine the fair market value of a property. The APRs on this page are for purchasing mortgages, which are typically similar to refinance rates. If you already have a mortgage and are considering a refinance, get customized rates for your unique circumstances. Also check Connecticut rates daily before acquiring a loan to ensure you’re getting the lowest possible rate. Mortgages are available in CT, MA, NY and RI. To set yourself up for success and help you figure out how much you can afford, get pre-qualified by a licensed Connecticut lender before you start your home search. Combined Loan to Value (CLTV) up to 90 for certain mortgage products, property types and loan amounts. Compare the latest rates, loans, payments and fees for ARM and fixed-rate. On a 300,000 30-year loan, this translates to 143 in monthly savings.

Loan programs and rates can vary by state. View current Connecticut mortgage rates from multiple lenders at . National average: 7.08 For the week of June 2nd, top offers on Bankrate is 0.72 lower than the national average.

Compare mortgage rates in ct