Compare Today’s Mortgage Rates in Farmington, Connecticut 06034
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Farmington, Connecticut 06034.
Our search engine thoroughly explores all home mortgage options in Farmington, Connecticut 06034, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $21,965 in lifetime cash or $61 per month in Farmington and other areas of Hartford county.
41.7114
-72.8395
2085
Summary of Average Mortgages in Farmington, Connecticut 06034
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Farmington, Connecticut 06034
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Farmington, CT 06034. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Farmington, Connecticut 06034 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Farmington, Connecticut and around Hartford county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 93.70% | 91.55% | 92.64% | 92.26% | 91.63% | 89.07% | 89.52% | 90.14% | 87.90% |
avg mortgage rate | 6.55% | 4.65% | 3.01% | 3.33% | 4.35% | 4.62% | 4.20% | 3.92% | 4.12% |
% 15 year fixed mortgage | 5.12% | 7.24% | 6.10% | 6.35% | 6.74% | 8.89% | 8.78% | 8.29% | 10.50% |
avg mortgage rate | 5.89% | 3.86% | 2.38% | 2.89% | 3.80% | 3.99% | 3.41% | 3.14% | 3.28% |
Avg credit score | 754.55 | 763.00 | 761.19 | 760.34 | 752.29 | 758.63 | 753.97 | 752.61 | 752.89 |
Avg LTV (loan to value) | 82.05% | 82.54% | 82.90% | 83.25% | 82.78% | 80.26% | 80.47% | 81.62% | 80.80% |
Avg DTI (debt to income) | 38.37 | 36.96 | 35.28 | 35.58 | 36.76 | 36.39 | 35.91 | 35.62 | 35.50 |
% First time homebuyer | 53.23% | 49.87% | 45.48% | 46.81% | 49.14% | 40.66% | 39.34% | 41.40% | 43.05% |
Avg mortgage insurance % | 12.61% | 12.56% | 12.60% | 12.82% | 12.80% | 10.20% | 10.10% | 11.32% | 11.13% |
Best Mortgage Brokers around Farmington, Connecticut 06034
For those searching for a new home in Farmington, we have compiled a list of the top mortgage brokers located in and around Farmington, Connecticut 06034 to assist you with your search.
Name
Address
Contact
M And G Mortgage Services
10 Waterside Dr
Farmington CT 06034
(860) 470-3998
Benchmark Lending
769 Farmington Ave
Farmington CT 06034
(860) 677-0177
Excel Mortgage
2 Forest Park Dr
Farmington CT 06034
(860) 284-9085
http://www.excellending.com
Mortgage Master
314 Main St
Farmington CT 06034
(860) 284-5089
hdubin@mortgagemasterinc.com
Capital Source Finance
20 Waterside Dr
Farmington CT 06034
(860) 255-5200
http://capitalsource.com
Address
10 Waterside Dr
Farmington CT
Contact
(860) 470-3998
Address
769 Farmington Ave
Farmington CT
Contact
(860) 677-0177
Address
2 Forest Park Dr
Farmington CT
Contact
(860) 284-9085
http://www.excellending.com