NORWICH - NEW LONDON Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Norwich - New London averaged
6.74%
for the week of 2024-04-11, compared to the national average of
6.88% for the same period.
The average rate for the prior week (2024-04-04) was
6.98% and
one month ago for the week of 2024-03-07, the
average rate was 7.04%.
Norwich - New London's average rate one year ago was 6.14%.
For refis of the same type during the week of 2024-04-11, the average rate
was 6.86%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-11 | 6.88% |
| Norwich - New London 30 Year Fixed Rate | 2024-04-11 | 6.74% |
| Norwich - New London 30 Year Fixed Rate Refi | 2024-04-11 | 6.86% |
| Norwich - New London 15 Year Fixed Rate | 2024-04-11 | 6.06% |
| Norwich - New London 15 Year Fixed Rate Refi | 2024-04-11 | 6.06% |
| Norwich - New London 30 Year FHA | 2024-04-11 | 6.75% |
| Norwich - New London 30 Year FHA Refi | 2024-04-11 | 6.54% |
| Norwich - New London 30 Year USDA | 2024-04-11 | 6.51% |
| Norwich - New London 30 Year USDA Refi | 2024-04-11 | 6.91% |
| Norwich - New London 30 Year VA | 2024-04-11 | 6.5% |
| Norwich - New London 30 Year VA Refi | 2024-04-11 | 6.67% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within NORWICH-NEW LONDON, CT.
NORWICH - NEW LONDON Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the NORWICH-NEW LONDON, CT market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
NORWICH - NEW LONDON Average Closing Costs & Other Stats
NORWICH-NEW LONDON, CT's 170 lenders originated 5,295
loans during 2023. The total origination value was $1,312,575,000, with an average loan value of
$247,890.
NORWICH - NEW LONDON's average closing costs are $5,512.
The top NORWICH - NEW LONDON lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
172 loans originated. Their average total fees are
$7,582, which is $3,463
higher than the next largest lender,
HOMESTEAD FUNDING CORP..
The lowest fee NORWICH - NEW LONDON lenders (with over 10 loans originated) are
Charter Oak Federal Credit Union ($2,837), Chelsea Groton Bank ($3,398), Liberty Bank ($3,640), NAVY FEDERAL CREDIT UNION ($3,951) and HOMESTEAD FUNDING CORP. ($4,119).
The lowest rate NORWICH - NEW LONDON lenders (with over 10 loans originated) are
Charter Oak Federal Credit Union (5.18%), Chelsea Groton Bank (5.87%), Liberty Bank (5.94%), Eastern Bank (6.07%) and The Washington Trust Company, of Westerly (6.26%).
NORWICH-NEW LONDON, CT Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $96,395,000 | $87,240,000 | -9.5% | 6.6% |
| Liberty Bank | $44,130,000 | $74,485,000 | 68.8% | 5.7% |
| Chelsea Groton Bank | $86,625,000 | $59,750,000 | -31.0% | 4.6% |
| Charter Oak Federal Credit Union | $124,375,000 | $57,580,000 | -53.7% | 4.4% |
| QUICKEN LOANS, LLC | $83,220,000 | $55,790,000 | -33.0% | 4.3% |
| Citizens Bank | $86,025,000 | $55,380,000 | -35.6% | 4.2% |
| Fairfield County Bank | $345,000 | $55,005,000 | 15,843.5% | 4.2% |
| NAVY FEDERAL CREDIT UNION | $63,015,000 | $45,745,000 | -27.4% | 3.5% |
| TOTAL MORTGAGE SERVICES, LLC | $44,700,000 | $42,195,000 | -5.6% | 3.2% |
| HOMESTEAD FUNDING CORP. | $56,825,000 | $41,330,000 | -27.3% | 3.1% |
| NORWICH COMMERCIAL GROUP, INC. | $39,065,000 | $36,655,000 | -6.2% | 2.8% |
| Mortgage Research Center, LLC | $31,885,000 | $30,810,000 | -3.4% | 2.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $56,380,000 | $27,305,000 | -51.6% | 2.1% |
| Dime Bank | $48,250,000 | $24,720,000 | -48.8% | 1.9% |
| MOVEMENT MORTGAGE, LLC | $20,210,000 | $22,015,000 | 8.9% | 1.7% |
| Prosperity Home Mortgage, LLC | $34,410,000 | $20,435,000 | -40.6% | 1.6% |
| GUARANTEED RATE, INC. | $21,850,000 | $17,520,000 | -19.8% | 1.3% |
| Centreville Bank | $11,290,000 | $17,510,000 | 55.1% | 1.3% |
| WALKER & DUNLOP, LLC | $66,025,000 | $16,385,000 | -75.2% | 1.2% |
| Bank of America | $20,845,000 | $16,015,000 | -23.2% | 1.2% |
| Arbor Realty Trust, Inc. | $14,230,000 | n/a | 1.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $18,235,000 | $13,825,000 | -24.2% | 1.1% |
| Webster Bank | $12,335,000 | $12,770,000 | 3.5% | 1.0% |
| Santander Bank, N.A. | $525,000 | $12,505,000 | 2,281.9% | 1.0% |
| M&T Bank | $7,530,000 | $12,290,000 | 63.2% | 0.9% |
| JPMorgan Chase Bank | $9,595,000 | $11,150,000 | 16.2% | 0.8% |
| DIGITAL Federal Credit Union | $740,000 | $10,160,000 | 1,273.0% | 0.8% |
| PAWTUCKET | $9,930,000 | n/a | 0.8% | |
| T2 FINANCIAL LLC | $4,075,000 | $9,675,000 | 137.4% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $11,085,000 | $9,405,000 | -15.2% | 0.7% |
| LOANDEPOT.COM, LLC | $44,385,000 | $8,920,000 | -79.9% | 0.7% |
| GUARANTEED RATE AFFINITY, LLC | $22,505,000 | $8,815,000 | -60.8% | 0.7% |
| The Washington Trust Company, of Westerly | $36,655,000 | $8,600,000 | -76.5% | 0.7% |
| SCIENT Federal Credit Union | $12,200,000 | $8,450,000 | -30.7% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $18,370,000 | $8,280,000 | -54.9% | 0.6% |
| CorePlus Federal Credit Union | $17,855,000 | $8,235,000 | -53.9% | 0.6% |
| FIRST WORLD MORTGAGE CORPORATION | $11,685,000 | $8,120,000 | -30.5% | 0.6% |
| U.S. Bank | $8,645,000 | $7,635,000 | -11.7% | 0.6% |
| Jewett City Savings Bank | $12,840,000 | $7,215,000 | -43.8% | 0.5% |
| MORTGAGE EQUITY PARTNERS LLC | $1,395,000 | $7,110,000 | 409.7% | 0.5% |
| USAA Federal Savings Bank | $11,535,000 | $6,815,000 | -40.9% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $11,205,000 | $6,805,000 | -39.3% | 0.5% |
| EVERETT FINANCIAL, INC. | $12,435,000 | $6,575,000 | -47.1% | 0.5% |
| Savings Bank of Danbury | $5,180,000 | $6,500,000 | 25.5% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $13,960,000 | $6,185,000 | -55.7% | 0.5% |
| RF Renovo Management Company, LLC | $2,915,000 | $5,830,000 | 100.0% | 0.4% |
| NEWREZ LLC | $8,430,000 | $5,810,000 | -31.1% | 0.4% |
| Wells Fargo Bank | $22,275,000 | $5,200,000 | -76.7% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $3,740,000 | $5,180,000 | 38.5% | 0.4% |
| Berkshire Bank | $7,175,000 | $5,030,000 | -29.9% | 0.4% |
| Essex Savings Bank | $4,330,000 | $4,960,000 | 14.5% | 0.4% |
| Guilford Savings Bank The | $1,385,000 | $4,890,000 | 253.1% | 0.4% |
| Union Savings Bank | $1,230,000 | $4,865,000 | 295.5% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $9,785,000 | $4,855,000 | -50.4% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,775,000 | $4,795,000 | 72.8% | 0.4% |
| Eastern Bank | $6,665,000 | $4,625,000 | -30.6% | 0.4% |
| WILLIAM RAVEIS MORTGAGE, LLC | $12,195,000 | $4,605,000 | -62.2% | 0.4% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $2,155,000 | $4,540,000 | 110.7% | 0.3% |
| CMG MORTGAGE, INC. | $1,830,000 | $3,930,000 | 114.8% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $6,205,000 | $3,740,000 | -39.7% | 0.3% |
| NFM, INC. | $3,880,000 | $3,705,000 | -4.5% | 0.3% |
| BROKER SOLUTIONS, INC. | $5,205,000 | $3,650,000 | -29.9% | 0.3% |
| Magnolia Bank | $600,000 | $3,635,000 | 505.8% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $11,680,000 | $3,415,000 | -70.8% | 0.3% |
| Navigant Credit Union | $2,410,000 | $3,105,000 | 28.8% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $2,790,000 | $3,095,000 | 10.9% | 0.2% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $835,000 | $3,080,000 | 268.9% | 0.2% |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $2,230,000 | $3,075,000 | 37.9% | 0.2% |
| WASHINGTON TRUST MORTGAGE COMPANY LLC | $5,640,000 | $3,005,000 | -46.7% | 0.2% |
| OCMBC, INC. | $3,845,000 | $2,890,000 | -24.8% | 0.2% |
| EASTERN CONNECTICUT SAVINGS BANK | $35,335,000 | $2,830,000 | -92.0% | 0.2% |
| UBS Bank USA | $5,170,000 | $2,670,000 | -48.4% | 0.2% |
| Newtown Savings Bank | $2,450,000 | $2,645,000 | 8.0% | 0.2% |
| Citibank | $3,630,000 | $2,565,000 | -29.3% | 0.2% |
| Semper Home Loans, Inc. | $2,245,000 | $2,565,000 | 14.3% | 0.2% |
| BankNewport | $2,545,000 | n/a | 0.2% | |
| TD Bank | $5,470,000 | $2,420,000 | -55.8% | 0.2% |
| AMERICAN EAGLE FINANCIAL CREDIT UNION | $4,580,000 | $2,200,000 | -52.0% | 0.2% |
| PeoplesBank | $30,965,000 | $2,170,000 | -93.0% | 0.2% |
| BAY EQUITY LLC | $2,240,000 | $2,165,000 | -3.3% | 0.2% |
| The Dutch Point Credit Union, Inc. | $1,100,000 | $2,155,000 | 95.9% | 0.2% |
| Cross River Bank | $2,135,000 | n/a | 0.2% | |
| EMBRACE HOME LOANS, INC. | $2,395,000 | $2,110,000 | -11.9% | 0.2% |
| BM Real Estate Services, Inc. | $2,105,000 | n/a | 0.2% | |
| Citadel Servicing Corporation | $765,000 | $2,065,000 | 169.9% | 0.2% |
| NBKC BANK | $830,000 | $2,060,000 | 148.2% | 0.2% |
| WESTERLY COMMUNITY | $1,555,000 | $2,035,000 | 30.9% | 0.2% |
| Discover Bank | $1,795,000 | $2,030,000 | 13.1% | 0.2% |
| Carrington Mortgage Services, LLC | $4,010,000 | $2,020,000 | -49.6% | 0.2% |
| BETTER MORTGAGE CORPORATION | $3,285,000 | $1,980,000 | -39.7% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $2,020,000 | $1,845,000 | -8.7% | 0.1% |
| EMM LOANS LLC | $530,000 | $1,835,000 | 246.2% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $370,000 | $1,835,000 | 395.9% | 0.1% |
| CONNECTICUT STATE EMPLOYEES | $6,835,000 | $1,830,000 | -73.2% | 0.1% |
| Bank of England | $1,060,000 | $1,800,000 | 69.8% | 0.1% |
| CARDINAL FINANCIAL | $3,205,000 | $1,770,000 | -44.8% | 0.1% |
| Flagstar Bank, FSB | $5,485,000 | $1,770,000 | -67.7% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $605,000 | $1,765,000 | 191.7% | 0.1% |
| MEMBERS MORTGAGE COMPANY, INC. | $2,395,000 | $1,765,000 | -26.3% | 0.1% |
| Leader Bank | $4,205,000 | $1,735,000 | -58.7% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $1,720,000 | n/a | 0.1% | |
| ALLIED MORTGAGE GROUP, INC. | $7,665,000 | $1,715,000 | -77.6% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $290,000 | $1,655,000 | 470.7% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,495,000 | $1,605,000 | -35.7% | 0.1% |
| Waterstone Mortgage Corporation | $1,055,000 | $1,595,000 | 51.2% | 0.1% |
| Figure Lending LLC | $935,000 | $1,540,000 | 64.7% | 0.1% |
| USAlliance Federal Credit Union | $1,530,000 | n/a | 0.1% | |
| Ion Bank | $25,360,000 | $1,525,000 | -94.0% | 0.1% |
| Shamrock Home Loans, Inc. | $4,785,000 | $1,515,000 | -68.3% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,995,000 | $1,500,000 | -24.8% | 0.1% |
| GUILD MORTGAGE COMPANY | $4,980,000 | $1,440,000 | -71.1% | 0.1% |
| NP, Inc. | $185,000 | $1,435,000 | 675.7% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,025,000 | $1,405,000 | 37.1% | 0.1% |
| Ally Bank | $1,655,000 | $1,350,000 | -18.4% | 0.1% |
| The Huntington National Bank | $3,325,000 | $1,350,000 | -59.4% | 0.1% |
| Northpointe Bank | $2,225,000 | $1,340,000 | -39.8% | 0.1% |
| Farm Credit East, ACA | $1,815,000 | $1,315,000 | -27.5% | 0.1% |
| A&D Mortgage LLC | $1,205,000 | $1,310,000 | 8.7% | 0.1% |
| First National Bank of America | $785,000 | $1,290,000 | 64.3% | 0.1% |
| The Federal Savings Bank | $915,000 | $1,280,000 | 39.9% | 0.1% |
| ARC HOME LLC | $840,000 | $1,250,000 | 48.8% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $640,000 | $1,235,000 | 93.0% | 0.1% |
| Morgan Stanley Private Bank | $5,440,000 | $1,135,000 | -79.1% | 0.1% |
| KeyBank | $6,800,000 | $1,120,000 | -83.5% | 0.1% |
| MORTGAGE MARKETS CUSO, LLC | $665,000 | $1,010,000 | 51.9% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $4,600,000 | $1,010,000 | -78.0% | 0.1% |
| S&T Bank | $1,005,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $990,000 | n/a | 0.1% | |
| Commerce Home Mortgage, Inc. | $975,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $975,000 | n/a | 0.1% | |
| PNC Bank | $1,410,000 | $960,000 | -31.9% | 0.1% |
| North American Savings Bank, F.S.B. | $1,875,000 | $945,000 | -49.6% | 0.1% |
| PREMIA MORTGAGE, LLC | $3,215,000 | $945,000 | -70.6% | 0.1% |
| Plains Commerce Bank | $885,000 | n/a | 0.1% | |
| United Nations Federal Credit Union | $865,000 | n/a | 0.1% | |
| CLIFFCO, INC. | $860,000 | n/a | 0.1% | |
| Bethpage Federal Credit Union | $1,380,000 | $820,000 | -40.6% | 0.1% |
| NORTHPOINT MORTGAGE, INC. | $3,455,000 | $820,000 | -76.3% | 0.1% |
| AMWEST FUNDING CORP. | $225,000 | $815,000 | 262.2% | 0.1% |
| The People's Credit Union | $530,000 | $815,000 | 53.8% | 0.1% |
| NUTMEG STATE FINANCIAL | $1,305,000 | $805,000 | -38.3% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $795,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $4,115,000 | $745,000 | -81.9% | 0.1% |
| PRYSMA LENDING GROUP, LLC | $665,000 | $705,000 | 6.0% | 0.1% |
| SPRING EQ, LLC | $1,365,000 | $690,000 | -49.5% | 0.1% |
| Stifel Bank and Trust | $1,240,000 | $690,000 | -44.4% | 0.1% |
| CONNEX CREDIT UNION | $105,000 | $685,000 | 552.4% | 0.1% |
| Metro City Bank | $535,000 | $680,000 | 27.1% | 0.1% |
| Thomaston Savings Bank | $1,545,000 | $680,000 | -56.0% | 0.1% |
| BAYCOAST MORTGAGE COMPANY, LLC | $2,745,000 | $660,000 | -76.0% | 0.1% |
| Windosr Federal Savings & Loan Association | $545,000 | $660,000 | 21.1% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $810,000 | $655,000 | -19.1% | 0.0% |
| First-Citizens Bank & Trust Company | $215,000 | $655,000 | 204.7% | 0.0% |
| PHH Mortgage Corporation | $900,000 | $635,000 | -29.4% | 0.0% |
| Northwest Community Bank | $4,990,000 | $630,000 | -87.4% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $605,000 | n/a | 0.0% | |
| RESIDENTIAL HOME MORTGAGE CORPORATION | $605,000 | n/a | 0.0% | |
| Easthampton Savings Bank | $600,000 | n/a | 0.0% | |
| UTILITIES EMPLOYEES CREDIT UNION | $590,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,280,000 | $585,000 | -54.3% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $815,000 | $585,000 | -28.2% | 0.0% |
| Baxter Credit Union | $195,000 | $565,000 | 189.7% | 0.0% |
| GREENWOOD | $845,000 | $555,000 | -34.3% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $555,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $1,795,000 | $550,000 | -69.4% | 0.0% |
| Charles Schwab Bank, SSB | $2,230,000 | $545,000 | -75.6% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $455,000 | $545,000 | 19.8% | 0.0% |
| First Savings Bank | $545,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $540,000 | $545,000 | 0.9% | 0.0% |
| East Coast Capital Corp. | $625,000 | $525,000 | -16.0% | 0.0% |
| American Broadcast Employees Federal Credit Union | $515,000 | n/a | 0.0% | |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $530,000 | $515,000 | -2.8% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $1,035,000 | $505,000 | -51.2% | 0.0% |
| Equity Prime Mortgage LLC | $1,815,000 | $490,000 | -73.0% | 0.0% |
| Monson Savings Bank | $1,820,000 | $490,000 | -73.1% | 0.0% |
| Presidential Bank, FSB | $485,000 | n/a | 0.0% | |
| The Torrington Savings Bank | $670,000 | $485,000 | -27.6% | 0.0% |
| ENVOY MORTGAGE, LTD | $1,710,000 | $480,000 | -71.9% | 0.0% |
| EQUITY RESOURCES, INC. | $865,000 | $480,000 | -44.5% | 0.0% |
| POLARIS HOME FUNDING CORP. | $480,000 | n/a | 0.0% | |
| CENTRAL ONE FEDERAL CREDIT UNION | $125,000 | $465,000 | 272.0% | 0.0% |
| MLB RESIDENTIAL LENDING, LLC | $455,000 | n/a | 0.0% | |
| Union Savings Bank | $1,230,000 | $455,000 | -63.0% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $445,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $435,000 | n/a | 0.0% | |
| Keystone Funding, Inc. | $435,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $3,545,000 | $430,000 | -87.9% | 0.0% |
| Community First National Bank | $425,000 | n/a | 0.0% | |
| GREENTREE MORTGAGE COMPANY, L.P. | $425,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $730,000 | $425,000 | -41.8% | 0.0% |
| LIMA ONE CAPITAL, LLC | $335,000 | $410,000 | 22.4% | 0.0% |
| 1ST 2ND MORTGAGE COMPANY OF N.J., INC. | $405,000 | n/a | 0.0% | |
| NORTHERN MORTGAGE SERVICES, LLC | $1,590,000 | $405,000 | -74.5% | 0.0% |
| The Loan Store, Inc. | $400,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $390,000 | n/a | 0.0% | |
| Peoples Bank | $385,000 | n/a | 0.0% | |
| The Central Trust Bank | $730,000 | $385,000 | -47.3% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $2,020,000 | $385,000 | -80.9% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $1,205,000 | $375,000 | -68.9% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $135,000 | $370,000 | 174.1% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $2,375,000 | $355,000 | -85.1% | 0.0% |
| FM Home Loans, LLC | $345,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $345,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $340,000 | n/a | 0.0% | |
| ADVANCIAL | $415,000 | $325,000 | -21.7% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $1,200,000 | $325,000 | -72.9% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $125,000 | $315,000 | 152.0% | 0.0% |
| MORTGAGE ACCESS CORP. | $315,000 | n/a | 0.0% | |
| Ixonia Bank | $310,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $310,000 | n/a | 0.0% | |
| City National Bank | $4,890,000 | $305,000 | -93.8% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $375,000 | $305,000 | -18.7% | 0.0% |
| Loan Simple, Inc. | $305,000 | n/a | 0.0% | |
| Network Funding, L.P. | $305,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,515,000 | $295,000 | -80.5% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $305,000 | $295,000 | -3.3% | 0.0% |
| Ameris Bank | $285,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $360,000 | $285,000 | -20.8% | 0.0% |
| NJ LENDERS CORP. | $280,000 | $285,000 | 1.8% | 0.0% |
| CALIBER HOME LOANS, INC. | $6,505,000 | $275,000 | -95.8% | 0.0% |
| FirstBank | $1,045,000 | $275,000 | -73.7% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $265,000 | n/a | 0.0% | |
| Arvest Bank | $265,000 | n/a | 0.0% | |
| Bank Rhode Island | $265,000 | $265,000 | 0.0% | 0.0% |
| Lakeview Community Capital, LLC | $1,080,000 | $265,000 | -75.5% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $265,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $1,295,000 | $255,000 | -80.3% | 0.0% |
| Evolve Bank & Trust | $2,920,000 | $255,000 | -91.3% | 0.0% |
| Raymond James Bank | $325,000 | $255,000 | -21.5% | 0.0% |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $185,000 | $255,000 | 37.8% | 0.0% |
| HONDA Federal Credit Union | $245,000 | n/a | 0.0% | |
| HUDSON VALLEY CREDIT UNION | $245,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $245,000 | n/a | 0.0% | |
| Ballston Spa National Bank | $45,000 | $240,000 | 433.3% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $235,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $610,000 | $235,000 | -61.5% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $205,000 | $235,000 | 14.6% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $880,000 | $235,000 | -73.3% | 0.0% |
| Axos Bank | $225,000 | n/a | 0.0% | |
| HARBORONE MORTGAGE, LLC | $1,980,000 | $225,000 | -88.6% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $1,160,000 | $225,000 | -80.6% | 0.0% |
| MID-ISLAND MORTGAGE CORP. | $330,000 | $225,000 | -31.8% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $405,000 | $215,000 | -46.9% | 0.0% |
| NORTHEAST FAMILY Federal Credit Union | $400,000 | $210,000 | -47.5% | 0.0% |
| BOND STREET MORTGAGE, LLC | $205,000 | n/a | 0.0% | |
| Fall River Five Cents Savings Bank | $205,000 | n/a | 0.0% | |
| First National Bank of Omaha | $195,000 | $205,000 | 5.1% | 0.0% |
| LENDSURE MORTGAGE CORP. | $205,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $1,375,000 | $195,000 | -85.8% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $540,000 | $185,000 | -65.7% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $585,000 | $175,000 | -70.1% | 0.0% |
| The Provident Bank | $175,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $85,000 | $165,000 | 94.1% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $165,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $165,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $405,000 | $160,000 | -60.5% | 0.0% |
| Service Federal Credit Union | $160,000 | n/a | 0.0% | |
| XCEL Federal Credit Union | $135,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $125,000 | n/a | 0.0% | |
| SIKORSKY FINANCIAL | $1,050,000 | $120,000 | -88.6% | 0.0% |
| Bank-Fund Staff Federal Credit Union | $555,000 | $105,000 | -81.1% | 0.0% |
| Valley National Bank | $105,000 | n/a | 0.0% | |
| WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| TEACHERS | $95,000 | n/a | 0.0% | |
| BayCoast Bank | $2,615,000 | $90,000 | -96.6% | 0.0% |
| Deere Employees Credit Union | $85,000 | n/a | 0.0% | |
| ACHIEVE FINANCIAL | $65,000 | n/a | 0.0% | |
| GFA Federal Credit Union | $65,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $740,000 | $65,000 | -91.2% | 0.0% |
| Rhode Island Credit Union | $65,000 | n/a | 0.0% | |
| 360 Federal Credit Union | $95,000 | $35,000 | -63.2% | 0.0% |
| Cornerstone Bank | $650,000 | $15,000 | -97.7% | 0.0% |
NORWICH - NEW LONDON's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 6.6% market share. In second place, with 5.7%, is Liberty Bank, having originated $74,485,000 in loans. In third place, with 4.6%, is Chelsea Groton Bank, having originated $59,750,000 in loans. In fourth place, with 4.4%, is Charter Oak Federal Credit Union, having originated $57,580,000 in loans. In fifth place, with 4.3%, is QUICKEN LOANS, LLC, having originated $55,790,000 in loans.
NORWICH - NEW LONDON Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - NORWICH - NEW LONDON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $269,450 (-2.0%) | $385,081 (0.1%) | 1.00 | 1,335 |
| 2018-02-01 | $272,400 (-2.7%) | $386,997 (-0.2%) | 0.99 | 1,295 |
| 2018-03-01 | $289,900 (1.0%) | $400,665 (1.2%) | 1.02 | 1,313 |
| 2018-04-01 | $296,475 (-1.1%) | $409,713 (-0.5%) | 1.01 | 1,426 |
| 2018-05-01 | $299,450 (-3.2%) | $409,893 (-3.0%) | 1.00 | 1,525 |
| 2018-06-01 | $309,900 (-0.8%) | $418,627 (-1.6%) | 1.03 | 1,575 |
| 2018-07-01 | $299,999 (-4.5%) | $421,173 (-2.6%) | 1.00 | 1,686 |
| 2018-08-01 | $299,000 (-0.1%) | $414,876 (-1.9%) | 1.00 | 1,668 |
| 2018-09-01 | $289,900 (-3.0%) | $404,089 (-5.1%) | 0.97 | 1,692 |
| 2018-10-01 | $289,000 (-0.3%) | $405,538 (-2.9%) | 0.98 | 1,671 |
| 2018-11-01 | $284,950 (0.0%) | $411,966 (1.0%) | 0.97 | 1,581 |
| 2018-12-01 | $274,900 (-1.7%) | $395,930 (-1.7%) | 0.95 | 1,461 |
| 2019-01-01 | $272,400 (1.1%) | $393,474 (2.2%) | 0.94 | 1,269 |
| 2019-02-01 | $277,000 (1.7%) | $397,604 (2.7%) | 0.94 | 1,265 |
| 2019-03-01 | $288,471 (-0.5%) | $408,820 (2.0%) | 0.94 | 1,282 |
| 2019-04-01 | $299,900 (1.2%) | $425,227 (3.8%) | 0.95 | 1,304 |
| 2019-05-01 | $313,675 (4.8%) | $433,047 (5.7%) | 0.98 | 1,385 |
| 2019-06-01 | $319,900 (3.2%) | $436,947 (4.4%) | 1.00 | 1,462 |
| 2019-07-01 | $309,450 (3.2%) | $431,292 (2.4%) | 0.97 | 1,472 |
| 2019-08-01 | $306,518 (2.5%) | $425,426 (2.5%) | 0.97 | 1,451 |
| 2019-09-01 | $302,795 (4.5%) | $421,812 (4.4%) | 0.97 | 1,432 |
| 2019-10-01 | $299,925 (3.8%) | $419,402 (3.4%) | 0.97 | 1,412 |
| 2019-11-01 | $299,900 (5.3%) | $419,905 (1.9%) | 0.98 | 1,324 |
| 2019-12-01 | $299,675 (9.0%) | $415,076 (4.8%) | 1.00 | 1,160 |
| 2020-01-01 | $299,000 (9.8%) | $409,355 (4.0%) | 1.00 | 1,006 |
| 2020-02-01 | $298,000 (7.6%) | $409,008 (2.9%) | 0.98 | 961 |
| 2020-03-01 | $299,000 (3.7%) | $414,497 (1.4%) | 0.94 | 967 |
| 2020-04-01 | $316,500 (5.5%) | $437,159 (2.8%) | 0.99 | 923 |
| 2020-05-01 | $329,000 (4.9%) | $459,513 (6.1%) | 1.00 | 854 |
| 2020-06-01 | $329,900 (3.1%) | $475,218 (8.8%) | 0.97 | 794 |
| 2020-07-01 | $341,450 (10.3%) | $492,577 (14.2%) | 0.99 | 690 |
| 2020-08-01 | $349,900 (14.2%) | $515,012 (21.1%) | 1.00 | 634 |
| 2020-09-01 | $352,250 (16.3%) | $514,954 (22.1%) | 1.01 | 636 |
| 2020-10-01 | $349,450 (16.5%) | $508,598 (21.3%) | 1.00 | 648 |
| 2020-11-01 | $349,900 (16.7%) | $517,699 (23.3%) | 1.02 | 591 |
| 2020-12-01 | $350,000 (16.8%) | $525,467 (26.6%) | 1.04 | 516 |
| 2021-01-01 | $339,900 (13.7%) | $523,248 (27.8%) | 1.01 | 420 |
| 2021-02-01 | $357,475 (20.0%) | $559,045 (36.7%) | 1.04 | 329 |
| 2021-03-01 | $367,400 (22.9%) | $577,307 (39.3%) | 1.04 | 323 |
| 2021-04-01 | $377,400 (19.2%) | $584,547 (33.7%) | 1.02 | 356 |
| 2021-05-01 | $399,000 (21.3%) | $561,238 (22.1%) | 1.06 | 396 |
| 2021-06-01 | $365,950 (10.9%) | $532,517 (12.1%) | 0.96 | 477 |
| 2021-07-01 | $349,900 (2.5%) | $527,190 (7.0%) | 0.92 | 541 |
| 2021-08-01 | $345,000 (-1.4%) | $506,939 (-1.6%) | 0.92 | 576 |
| 2021-09-01 | $348,125 (-1.2%) | $492,433 (-4.4%) | 0.93 | 563 |
| 2021-10-01 | $349,000 (-0.1%) | $547,747 (7.7%) | 0.93 | 527 |
| 2021-11-01 | $349,375 (-0.2%) | $553,324 (6.9%) | 0.93 | 462 |
| 2021-12-01 | $336,725 (-3.8%) | $578,364 (10.1%) | 0.91 | 381 |
| 2022-01-01 | $344,500 (1.4%) | $611,830 (16.9%) | 0.93 | 284 |
| 2022-02-01 | $369,900 (3.5%) | $650,357 (16.3%) | 0.96 | 274 |
| 2022-03-01 | $369,900 (0.7%) | $631,607 (9.4%) | 0.93 | 287 |
| 2022-04-01 | $369,900 (-2.0%) | $612,659 (4.8%) | 0.88 | 299 |
| 2022-05-01 | $399,900 (0.2%) | $690,484 (23.0%) | 0.91 | 365 |
| 2022-06-01 | $399,725 (9.2%) | $680,004 (27.7%) | 0.89 | 421 |
| 2022-07-01 | $402,500 (15.0%) | $673,025 (27.7%) | 0.91 | 466 |
| 2022-08-01 | $411,250 (19.2%) | $710,674 (40.2%) | 0.95 | 467 |
| 2022-09-01 | $399,900 (14.9%) | $716,877 (45.6%) | 0.93 | 453 |
| 2022-10-01 | $399,900 (14.6%) | $765,721 (39.8%) | 0.94 | 446 |
| 2022-11-01 | $431,950 (23.6%) | $791,414 (43.0%) | 1.04 | 419 |
| 2022-12-01 | $435,000 (29.2%) | $822,100 (42.1%) | 1.07 | 335 |
| 2023-01-01 | $439,725 (27.6%) | $784,151 (28.2%) | 1.09 | 288 |
| 2023-02-01 | $481,725 (30.2%) | $858,192 (32.0%) | 1.16 | 261 |
| 2023-03-01 | $508,948 (37.6%) | $919,378 (45.6%) | 1.20 | 249 |
| 2023-04-01 | $499,389 (35.0%) | $849,623 (38.7%) | 1.16 | 282 |
| 2023-05-01 | $499,900 (25.0%) | $816,168 (18.2%) | 1.13 | 319 |
| 2023-06-01 | $537,000 (34.3%) | $841,489 (23.8%) | 1.21 | 330 |
| 2023-07-01 | $499,900 (24.2%) | $814,118 (21.0%) | 1.14 | 322 |
| 2023-08-01 | $432,425 (5.2%) | $703,908 (-1.0%) | 0.99 | 328 |
| 2023-09-01 | $449,900 (12.5%) | $733,303 (2.3%) | 1.05 | 314 |
| 2023-10-01 | $479,500 (19.9%) | $794,470 (3.8%) | 1.13 | 336 |
| 2023-11-01 | $459,675 (6.4%) | $791,694 (0.0%) | 1.09 | 349 |
| 2023-12-01 | $449,900 (3.4%) | $798,914 (-2.8%) | 1.10 | 313 |
| 2024-01-01 | $454,675 (3.4%) | $797,253 (1.7%) | 1.11 | 298 |
| 2024-02-01 | $478,475 (-0.7%) | $858,791 (0.1%) | 1.15 | 276 |
| 2024-03-01 | $459,900 (-9.6%) | $864,073 (-6.0%) | 1.08 | 279 |
NORWICH - NEW LONDON's median listing price for 2024-03-01 was $459,900, a difference of
$-49,048
(-9.6%) versus the prior year and
$-18,575 versus the prior month.
NORWICH - NEW LONDON's median listing price comes in at 108% of the national average.
NORWICH - NEW LONDON's average listing price for 2024-03-01 was $864,073, a difference of $-55,305 (-6.0%) versus the prior year and $5,282 versus the prior month.
For the 2024-03-01 period, NORWICH - NEW LONDON had 279 MLS listings, a difference of 3 listings (1%) versus the prior month and 30 listings (12%) versus the prior year.
NORWICH - NEW LONDON's median listing price comes in at 108% of the national average.
NORWICH - NEW LONDON's average listing price for 2024-03-01 was $864,073, a difference of $-55,305 (-6.0%) versus the prior year and $5,282 versus the prior month.
For the 2024-03-01 period, NORWICH - NEW LONDON had 279 MLS listings, a difference of 3 listings (1%) versus the prior month and 30 listings (12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - NORWICH - NEW LONDON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 93 days | 1,703 sqft |
| 2018-02-01 | 96 days | 1,691 sqft |
| 2018-03-01 | 73 days | 1,730 sqft |
| 2018-04-01 | 57 days | 1,764 sqft |
| 2018-05-01 | 54 days | 1,746 sqft |
| 2018-06-01 | 60 days | 1,798 sqft |
| 2018-07-01 | 65 days | 1,796 sqft |
| 2018-08-01 | 72 days | 1,757 sqft |
| 2018-09-01 | 74 days | 1,750 sqft |
| 2018-10-01 | 79 days | 1,755 sqft |
| 2018-11-01 | 84 days | 1,759 sqft |
| 2018-12-01 | 96 days | 1,726 sqft |
| 2019-01-01 | 100 days | 1,724 sqft |
| 2019-02-01 | 100 days | 1,707 sqft |
| 2019-03-01 | 81 days | 1,698 sqft |
| 2019-04-01 | 57 days | 1,728 sqft |
| 2019-05-01 | 53 days | 1,810 sqft |
| 2019-06-01 | 58 days | 1,883 sqft |
| 2019-07-01 | 65 days | 1,908 sqft |
| 2019-08-01 | 68 days | 1,919 sqft |
| 2019-09-01 | 69 days | 1,933 sqft |
| 2019-10-01 | 71 days | 1,944 sqft |
| 2019-11-01 | 75 days | 1,905 sqft |
| 2019-12-01 | 90 days | 1,905 sqft |
| 2020-01-01 | 97 days | 1,881 sqft |
| 2020-02-01 | 96 days | 1,858 sqft |
| 2020-03-01 | 62 days | 1,853 sqft |
| 2020-04-01 | 65 days | 1,875 sqft |
| 2020-05-01 | 79 days | 1,875 sqft |
| 2020-06-01 | 62 days | 1,886 sqft |
| 2020-07-01 | 50 days | 1,898 sqft |
| 2020-08-01 | 46 days | 1,922 sqft |
| 2020-09-01 | 37 days | 1,910 sqft |
| 2020-10-01 | 38 days | 1,934 sqft |
| 2020-11-01 | 47 days | 1,913 sqft |
| 2020-12-01 | 59 days | 1,880 sqft |
| 2021-01-01 | 70 days | 1,816 sqft |
| 2021-02-01 | 53 days | 1,812 sqft |
| 2021-03-01 | 33 days | 1,812 sqft |
| 2021-04-01 | 25 days | 1,828 sqft |
| 2021-05-01 | 24 days | 1,800 sqft |
| 2021-06-01 | 27 days | 1,779 sqft |
| 2021-07-01 | 31 days | 1,777 sqft |
| 2021-08-01 | 30 days | 1,699 sqft |
| 2021-09-01 | 39 days | 1,743 sqft |
| 2021-10-01 | 40 days | 1,755 sqft |
| 2021-11-01 | 44 days | 1,716 sqft |
| 2021-12-01 | 54 days | 1,700 sqft |
| 2022-01-01 | 62 days | 1,702 sqft |
| 2022-02-01 | 40 days | 1,605 sqft |
| 2022-03-01 | 31 days | 1,600 sqft |
| 2022-04-01 | 28 days | 1,653 sqft |
| 2022-05-01 | 19 days | 1,760 sqft |
| 2022-06-01 | 24 days | 1,809 sqft |
| 2022-07-01 | 29 days | 1,838 sqft |
| 2022-08-01 | 37 days | 1,945 sqft |
| 2022-09-01 | 46 days | 1,905 sqft |
| 2022-10-01 | 40 days | 1,874 sqft |
| 2022-11-01 | 49 days | 1,914 sqft |
| 2022-12-01 | 63 days | 1,892 sqft |
| 2023-01-01 | 74 days | 1,851 sqft |
| 2023-02-01 | 64 days | 1,960 sqft |
| 2023-03-01 | 44 days | 2,040 sqft |
| 2023-04-01 | 30 days | 2,086 sqft |
| 2023-05-01 | 31 days | 2,049 sqft |
| 2023-06-01 | 32 days | 2,147 sqft |
| 2023-07-01 | 33 days | 2,092 sqft |
| 2023-08-01 | 40 days | 1,885 sqft |
| 2023-09-01 | 43 days | 1,885 sqft |
| 2023-10-01 | 40 days | 1,897 sqft |
| 2023-11-01 | 42 days | 1,888 sqft |
| 2023-12-01 | 52 days | 1,872 sqft |
| 2024-01-01 | 55 days | 1,860 sqft |
| 2024-02-01 | 48 days | 1,811 sqft |
| 2024-03-01 | 37 days | 1,772 sqft |
NORWICH - NEW LONDON's median listing age (time on market) for 2024-03-01 was 37 days.
This
is -15%
shorter
than the same period one year ago.
NORWICH - NEW LONDON's median square footage for active listings during the 2024-03-01 period was 1,772 sqft. One year prior, the average listing was 2,040 sqft.
NORWICH - NEW LONDON's median square footage for active listings during the 2024-03-01 period was 1,772 sqft. One year prior, the average listing was 2,040 sqft.
NORWICH-NEW LONDON, CT Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 6254 | Norwich-New London, CT HUD Metro FMR Area | $900 | $1,040 | $1,320 | $1,710 | $2,110 |
| 6320 | Norwich-New London, CT HUD Metro FMR Area | $960 | $1,160 | $1,430 | $1,850 | $2,440 |
| 6330 | Norwich-New London, CT HUD Metro FMR Area | $960 | $1,160 | $1,430 | $1,850 | $2,440 |
| 6333 | Norwich-New London, CT HUD Metro FMR Area | $1,220 | $1,490 | $1,830 | $2,370 | $3,120 |
| 6334 | Norwich-New London, CT HUD Metro FMR Area | $850 | $1,030 | $1,270 | $1,640 | $2,160 |
| 6335 | Norwich-New London, CT HUD Metro FMR Area | $1,120 | $1,360 | $1,670 | $2,160 | $2,840 |
| 6336 | Norwich-New London, CT HUD Metro FMR Area | $890 | $1,050 | $1,330 | $1,750 | $2,260 |
| 6338 | Norwich-New London, CT HUD Metro FMR Area | $970 | $1,180 | $1,450 | $1,880 | $2,470 |
| 6339 | Norwich-New London, CT HUD Metro FMR Area | $960 | $1,160 | $1,430 | $1,850 | $2,440 |
| 6340 | Norwich-New London, CT HUD Metro FMR Area | $1,030 | $1,250 | $1,540 | $1,990 | $2,620 |
| 6349 | Norwich-New London, CT HUD Metro FMR Area | $970 | $1,180 | $1,450 | $1,880 | $2,470 |
| 6350 | Norwich-New London, CT HUD Metro FMR Area | $960 | $1,160 | $1,430 | $1,850 | $2,440 |
| 6351 | Norwich-New London, CT HUD Metro FMR Area | $900 | $1,100 | $1,350 | $1,750 | $2,300 |
| 6353 | Norwich-New London, CT HUD Metro FMR Area | $920 | $1,130 | $1,380 | $1,790 | $2,350 |
| 6355 | Norwich-New London, CT HUD Metro FMR Area | $1,090 | $1,320 | $1,630 | $2,110 | $2,780 |
| 6357 | Norwich-New London, CT HUD Metro FMR Area | $1,060 | $1,290 | $1,590 | $2,060 | $2,710 |
| 6359 | Norwich-New London, CT HUD Metro FMR Area | $910 | $1,100 | $1,360 | $1,760 | $2,320 |
| 6360 | Norwich-New London, CT HUD Metro FMR Area | $920 | $1,110 | $1,370 | $1,770 | $2,330 |
| 6365 | Norwich-New London, CT HUD Metro FMR Area | $1,120 | $1,360 | $1,680 | $2,180 | $2,860 |
| 6370 | Norwich-New London, CT HUD Metro FMR Area | $870 | $1,060 | $1,300 | $1,680 | $2,210 |
| 6371 | Norwich-New London, CT HUD Metro FMR Area | $1,180 | $1,430 | $1,760 | $2,280 | $3,000 |
| 6372 | Norwich-New London, CT HUD Metro FMR Area | $970 | $1,180 | $1,450 | $1,880 | $2,470 |
| 6374 | Norwich-New London, CT HUD Metro FMR Area | $920 | $930 | $1,220 | $1,520 | $1,980 |
| 6375 | Norwich-New London, CT HUD Metro FMR Area | $980 | $1,190 | $1,460 | $1,890 | $2,490 |
| 6376 | Norwich-New London, CT HUD Metro FMR Area | $1,180 | $1,430 | $1,760 | $2,280 | $3,000 |
| 6378 | Norwich-New London, CT HUD Metro FMR Area | $1,130 | $1,370 | $1,690 | $2,190 | $2,880 |
| 6379 | Norwich-New London, CT HUD Metro FMR Area | $840 | $1,010 | $1,250 | $1,620 | $2,130 |
| 6380 | Norwich-New London, CT HUD Metro FMR Area | $780 | $940 | $1,160 | $1,500 | $1,980 |
| 6382 | Norwich-New London, CT HUD Metro FMR Area | $960 | $1,170 | $1,440 | $1,870 | $2,450 |
| 6383 | Norwich-New London, CT HUD Metro FMR Area | $970 | $1,180 | $1,450 | $1,880 | $2,470 |
| 6384 | Norwich-New London, CT HUD Metro FMR Area | $860 | $1,040 | $1,280 | $1,660 | $2,180 |
| 6385 | Norwich-New London, CT HUD Metro FMR Area | $1,150 | $1,400 | $1,720 | $2,230 | $2,930 |
| 6389 | Norwich-New London, CT HUD Metro FMR Area | $970 | $1,180 | $1,450 | $1,880 | $2,470 |
| 6415 | Norwich-New London, CT HUD Metro FMR Area | $1,070 | $1,220 | $1,600 | $2,180 | $2,720 |
| 6420 | Norwich-New London, CT HUD Metro FMR Area | $1,120 | $1,360 | $1,680 | $2,180 | $2,860 |
| 6439 | Norwich-New London, CT HUD Metro FMR Area | $970 | $1,180 | $1,450 | $1,880 | $2,470 |
2022 Average & Median Rent Data Statistics
NORWICH-NEW LONDON, CT average 1BR rent: $1,192, median: $1,180
NORWICH-NEW LONDON, CT average 2BR rent: $1,474, median: $1,450
NORWICH-NEW LONDON, CT average 3BR rent: $1,911, median: $1,880
NORWICH-NEW LONDON, CT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,876 | $928,560,000 | $322,865 |
| Home Improvement | 729 | $65,305,000 | $89,582 |
| Other | 684 | $74,990,000 | $109,635 |
| Cash Out Refi | 615 | $133,725,000 | $217,439 |
| Refi | 389 | $107,865,000 | $277,288 |
| NA | 2 | $2,130,000 | $1,065,000 |
Norwich - New London's most frequently cited loan purpose was Home Purchase, with 2,876 originations. The 2nd most popular reason was Home Improvement, with 729 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,608 | $561,100,000 | $348,943 |
| 5-6% | 1,003 | $249,715,000 | $248,968 |
| 7-8% | 1,001 | $264,355,000 | $264,091 |
| Over 8% | 780 | $102,680,000 | $131,641 |
| 4-5% | 303 | $62,795,000 | $207,244 |
| <2.5% | 255 | $4,205,000 | $16,490 |
| 2.5-3% | 53 | $9,255,000 | $174,623 |
| 3-4% | 27 | $3,685,000 | $136,481 |
During 2023, Norwich - New London's most frequently originated rate bucket was 6-7%, with 1,608 originations.
Loan Sizing (NORWICH-NEW LONDON, CT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,007 | $565,215,000 | $281,622 |
| $100,000 or less | 1,577 | $74,105,000 | $46,991 |
| $100k-200k | 1,094 | $160,140,000 | $146,380 |
| $400k-600k | 448 | $209,870,000 | $468,460 |
| $600k-1000k | 129 | $91,505,000 | $709,341 |
| $Over $1MM | 40 | $211,740,000 | $5,293,500 |
NORWICH - NEW LONDON's loan sizing saw the bucket of loans from $200k-400k with 2,007 originations, totaling $565,215,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,682 | $516,070,000 | $306,819 |
| Under 20% | 1,222 | $60,460,000 | $49,476 |
| 60-80% | 961 | $382,135,000 | $397,643 |
| 20-40% | 641 | $85,685,000 | $133,674 |
| 40-60% | 392 | $166,280,000 | $424,184 |
| Over 100% | 128 | $45,750,000 | $357,422 |
NORWICH - NEW LONDON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,682 originations, totaling $516,070,000 in origination value.