Connecticut
Mortgage Rates;
The housing market in Connecticut has slowed down in 2006 but although sellers are having to wait longer to sell and buyers are in a prime position to get good deals, house prices have remained stable. Connecticut is not experiencing a sharp downturn as seen in some parts of the country.
There is still strong demand for good housing and low mortgage rates mean that buyers are in a very good position.
The market has changed from being a sellers one to what is now a buyers market. Sellers are getting less multiple offers and buyers are finding a good supply of decent homes. And although we are not seeing huge price appreciation, sellers are still getting close to their asking prices.
Below are examples of rates being offered.
For loans up to $417,000
30 Yr Fixed : rates from 5.25% to 6.125%
15 Yr Fixed : rates from 5.125% to 5.875%
1 Yr ARM : rates from 5.125% to 5.5%
3/1 ARM : rates from 5% to 5.875%
5/1 ARM : rates from 5.25% to 6.125%
For loans above $417,000
30 Yr Jumbo : rates from 5.75% to 6.375%
15 Yr Jumbo : rates from 5.375% to 6.125%
1 Yr Jumbo : rates from 5.125% to 5.5%
3/1 ARM Jumbo : rates from 5.25% to 6.125%
5/1 ARM Jumbo : rates from 5.375% to 6.250%
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Major Connecticut
Cities;
Hartford
New Haven
Stamford
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