Today’s Refinance Rates in Connecticut

Banner image
Edited byMatt Whittle

Updated: January 18, 2024

Advertising & Editorial Disclosure

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.


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.


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.

A “good rate” is subjective. We suggest that homeowners evaluate their financial situation and compare current market rates to find a good deal.

Since refinancing aims to increase savings, a “bad” refinance rate usually exceeds your current mortgage loan.

In Connecticut, 5.05% is the interest rate on a 30-year FRM.

Currently, the interest rate for a 15-year FRM is 4.26%. A good refinancing rate in Connecticut should be around this number.

The average going rate on a 5/1 ARM in Connecticut is 3.79%.