Today’s Refinance Rates in Connecticut
Borrowers refinance their mortgages to shorten their loan terms, receive lower rates or switch loan types. On average, Connecticut homeowners with mortgages pay $1,209 per month and have an outstanding balance of $224,928.
Current Refinance Rates in Connecticut
MoneyGeek collected current refinance rates in Connecticut to help determine which loan type and rate fits your financial situation. To give you a headstart, we listed up-to-date rates in the Constitution State.
- Type of LoanRateAPR
- Conventional 30 Year Fixed5.25 %5.25 %
- Conventional 20 Year Fixed5.375 %5.375 %
- Conventional 15 Year Fixed4.646 %4.625 %
- Conventional 10 Year ARM6.21 %5.75 %
- Conventional 7 Year ARM6.329 %5.625 %
Mortgage Refinance Rates From Top Lenders
What Is a Good Refinance Rate in Connecticut?
A “good refinancing rate” depends on your specific circumstances. Consider your credit score, income, loan amount, debts and loan terms. To find a great deal, MoneyGeek advises that homeowners compare rates to weigh options from different lenders in Connecticut.
Based on FRED’s economic data, the national mortgage rates are 4.45% for a 15-year FRM, 5.3% for a 30-year FRM and 4.19% for a 5/1 ARM. Connecticut’s refinancing rates are cheaper than the national comparison at 4.26% on a 15-year FRM, 5.05% on a 30-year FRM and 3.79% on a 5/1 ARM.
Mortgage refinancing rates fluctuate nearly every day. Today’s rates can be noticeably different from the estimates a week later.
Estimate Your New Monthly Mortgage Payment
If you need help calculating your monthly payments, use MoneyGeek’s calculator and input your mortgage details. Please note that rates change daily and depend on factors like your debt-to-income ratio, credit score and loan term.
Edit your mortgage details
Frequently Asked Questions About Refinance Rates in Connecticut
MoneyGeek answered commonly asked questions about mortgage refinance rates in Connecticut for additional insight as you begin your refinancing journey.
Read More on Mortgages
- FRED. "Mortgage Rates." Accessed July 11, 2022.