Connecticut Mortgage Rates Today — Compare CT Lenders
The average 30-year fixed mortgage rate in Connecticut is currently 6.67% APR. Fairfield County commands New York City-level prices as a commuter market. Hartford and inland cities offer significantly more affordable options. Compare today’s rates from top Connecticut lenders across all major loan types below.
Connecticut Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $420,000 loan on a single-family primary residence in Connecticut.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.67% | Most Popular |
| 15-Year Fixed | 6.01% | 6.01% | Pay off faster, save interest |
| 5/1 ARM | 6.79% | 6.79% | Short-term owners |
| FHA 30-Year | 6.32% | 6.32% | Low down payment |
| VA 30-Year | 6.14% | 6.14% | Veterans & military |
| 30-Year Refinance | 6.79% | 6.79% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Connecticut
Connecticut has one of the most bifurcated housing markets in the US. Fairfield County — encompassing Greenwich, Stamford, and Westport — commands New York City-level prices as a premier commuter market. Meanwhile Hartford, New Haven, and other inland cities offer much more affordable options.
Connecticut’s high property taxes are an important consideration for buyers — effective rates often exceed 1.5–2% annually. The state’s proximity to both New York City and Boston makes it attractive for remote workers and commuters seeking more space than the city provides.
What Affects Your Connecticut Mortgage Rate?
Several key factors influence the rate a Connecticut lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.