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
6.92%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.75% and
one month ago for the week of 2023-02-09, the
average rate was 6.54%.
Norwich - New London's average rate one year ago was 3.35%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.57%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Norwich - New London 30 Year Fixed Rate | 2023-03-16 | 6.92% |
| Norwich - New London 30 Year Fixed Rate Refi | 2023-03-16 | 6.57% |
| Norwich - New London 15 Year Fixed Rate | 2023-03-16 | 6.53% |
| Norwich - New London 15 Year Fixed Rate Refi | 2023-03-16 | 6.73% |
| Norwich - New London 30 Year FHA | 2023-03-16 | 6.07% |
| Norwich - New London 30 Year FHA Refi | 2023-03-16 | 6.04% |
| Norwich - New London 30 Year USDA | 2023-03-16 | 6.14% |
| Norwich - New London 30 Year USDA Refi | 2023-03-16 | 6.21% |
| Norwich - New London 30 Year VA | 2023-03-16 | 6.21% |
| Norwich - New London 30 Year VA Refi | 2023-03-16 | 6.03% |
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 210 lenders originated 7,517
loans during 2022. The total origination value was $2,031,025,000, with an average loan value of
$270,191.
NORWICH - NEW LONDON's average closing costs are $5,274.
The top NORWICH - NEW LONDON lender as defined by loan originations is QUICKEN LOANS, LLC, with
174 loans originated. Their average total fees are
$7,040, which is $742
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee NORWICH - NEW LONDON lenders (with over 10 loans originated) are
Charter Oak Federal Credit Union ($2,693), SCIENT Federal Credit Union ($2,874), EVERETT FINANCIAL, INC. ($2,905), Chelsea Groton Bank ($3,110) and Liberty Bank ($3,418).
The lowest rate NORWICH - NEW LONDON lenders (with over 10 loans originated) are
People's United Bank (3.21%), SCIENT Federal Credit Union (3.35%), Charter Oak Federal Credit Union (3.41%), Liberty Bank (3.88%) and AMERISAVE MORTGAGE CORPORATION (4.15%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Charter Oak Federal Credit Union | $97,815,000 | $124,375,000 | 27.2% | 6.1% |
| GREYSTONE SERVICING COMPANY LLC | $116,115,000 | n/a | 5.7% | |
| UNITED WHOLESALE MORTGAGE, LLC | $119,175,000 | $96,395,000 | -19.1% | 4.7% |
| Chelsea Groton Bank | $130,980,000 | $86,625,000 | -33.9% | 4.3% |
| Citizens Bank | $95,240,000 | $86,025,000 | -9.7% | 4.2% |
| QUICKEN LOANS, LLC | $216,785,000 | $83,220,000 | -61.6% | 4.1% |
| WALKER & DUNLOP, LLC | $66,025,000 | n/a | 3.3% | |
| NAVY FEDERAL CREDIT UNION | $114,155,000 | $63,015,000 | -44.8% | 3.1% |
| HOMESTEAD FUNDING CORP. | $74,945,000 | $56,825,000 | -24.2% | 2.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $82,435,000 | $56,380,000 | -31.6% | 2.8% |
| Dime Bank | $60,760,000 | $48,250,000 | -20.6% | 2.4% |
| TOTAL MORTGAGE SERVICES, LLC | $58,815,000 | $44,700,000 | -24.0% | 2.2% |
| LOANDEPOT.COM, LLC | $102,090,000 | $44,385,000 | -56.5% | 2.2% |
| Liberty Bank | $92,735,000 | $44,130,000 | -52.4% | 2.2% |
| NORWICH COMMERCIAL GROUP, INC. | $59,355,000 | $39,065,000 | -34.2% | 1.9% |
| The Washington Trust Company, of Westerly | $42,920,000 | $36,655,000 | -14.6% | 1.8% |
| EASTERN CONNECTICUT SAVINGS BANK | $65,285,000 | $35,335,000 | -45.9% | 1.7% |
| Prosperity Home Mortgage, LLC | $67,905,000 | $34,410,000 | -49.3% | 1.7% |
| Mortgage Research Center, LLC | $55,870,000 | $31,885,000 | -42.9% | 1.6% |
| PeoplesBank | $26,765,000 | $30,965,000 | 15.7% | 1.5% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $26,185,000 | n/a | 1.3% | |
| Ion Bank | $11,715,000 | $25,360,000 | 116.5% | 1.2% |
| GUARANTEED RATE AFFINITY, LLC | $35,040,000 | $22,505,000 | -35.8% | 1.1% |
| Wells Fargo Bank | $54,620,000 | $22,275,000 | -59.2% | 1.1% |
| GUARANTEED RATE, INC. | $42,650,000 | $21,850,000 | -48.8% | 1.1% |
| Bank of America | $36,160,000 | $20,845,000 | -42.4% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $20,580,000 | $20,210,000 | -1.8% | 1.0% |
| HOME POINT FINANCIAL CORPORATION | $46,780,000 | $18,485,000 | -60.5% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $33,445,000 | $18,370,000 | -45.1% | 0.9% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $35,850,000 | $18,235,000 | -49.1% | 0.9% |
| CorePlus Federal Credit Union | $29,920,000 | $17,855,000 | -40.3% | 0.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $34,285,000 | $13,960,000 | -59.3% | 0.7% |
| Jewett City Savings Bank | $16,380,000 | $12,840,000 | -21.6% | 0.6% |
| EVERETT FINANCIAL, INC. | $2,670,000 | $12,435,000 | 365.7% | 0.6% |
| Webster Bank | $32,285,000 | $12,335,000 | -61.8% | 0.6% |
| SCIENT Federal Credit Union | $23,685,000 | $12,200,000 | -48.5% | 0.6% |
| WILLIAM RAVEIS MORTGAGE, LLC | $16,610,000 | $12,195,000 | -26.6% | 0.6% |
| FIRST WORLD MORTGAGE CORPORATION | $16,920,000 | $11,685,000 | -30.9% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $25,555,000 | $11,680,000 | -54.3% | 0.6% |
| USAA Federal Savings Bank | $17,575,000 | $11,535,000 | -34.4% | 0.6% |
| Centreville Bank | $5,210,000 | $11,290,000 | 116.7% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $87,305,000 | $11,205,000 | -87.2% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $24,055,000 | $11,085,000 | -53.9% | 0.5% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $14,610,000 | $9,785,000 | -33.0% | 0.5% |
| JPMorgan Chase Bank | $30,150,000 | $9,595,000 | -68.2% | 0.5% |
| U.S. Bank | $22,340,000 | $8,645,000 | -61.3% | 0.4% |
| NEWREZ LLC | $36,590,000 | $8,430,000 | -77.0% | 0.4% |
| ALLIED MORTGAGE GROUP, INC. | $12,630,000 | $7,665,000 | -39.3% | 0.4% |
| M&T Bank | $3,620,000 | $7,530,000 | 108.0% | 0.4% |
| Berkshire Bank | $23,025,000 | $7,175,000 | -68.8% | 0.4% |
| People's United Bank | $31,110,000 | $6,955,000 | -77.6% | 0.3% |
| CONNECTICUT STATE EMPLOYEES | $8,030,000 | $6,835,000 | -14.9% | 0.3% |
| KeyBank | $11,795,000 | $6,800,000 | -42.3% | 0.3% |
| Eastern Bank | $8,730,000 | $6,665,000 | -23.7% | 0.3% |
| CALIBER HOME LOANS, INC. | $17,650,000 | $6,505,000 | -63.1% | 0.3% |
| Florence Bank | $6,320,000 | n/a | 0.3% | |
| FINANCE OF AMERICA MORTGAGE LLC | $8,850,000 | $6,245,000 | -29.4% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $9,410,000 | $6,205,000 | -34.1% | 0.3% |
| WASHINGTON TRUST MORTGAGE COMPANY LLC | $5,320,000 | $5,640,000 | 6.0% | 0.3% |
| Flagstar Bank, FSB | $9,505,000 | $5,485,000 | -42.3% | 0.3% |
| TD Bank | $11,340,000 | $5,470,000 | -51.8% | 0.3% |
| Morgan Stanley Private Bank | $17,190,000 | $5,440,000 | -68.4% | 0.3% |
| BROKER SOLUTIONS, INC. | $8,995,000 | $5,205,000 | -42.1% | 0.3% |
| Savings Bank of Danbury | $5,180,000 | n/a | 0.3% | |
| UBS Bank USA | $5,965,000 | $5,170,000 | -13.3% | 0.3% |
| Northwest Community Bank | $2,010,000 | $4,990,000 | 148.3% | 0.2% |
| GUILD MORTGAGE COMPANY | $740,000 | $4,980,000 | 573.0% | 0.2% |
| City National Bank | $1,575,000 | $4,890,000 | 210.5% | 0.2% |
| Shamrock Home Loans, Inc. | $3,240,000 | $4,785,000 | 47.7% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $4,185,000 | $4,600,000 | 9.9% | 0.2% |
| AMERICAN EAGLE FINANCIAL CREDIT UNION | $12,860,000 | $4,580,000 | -64.4% | 0.2% |
| Essex Savings Bank | $8,010,000 | $4,330,000 | -45.9% | 0.2% |
| Leader Bank | $3,390,000 | $4,205,000 | 24.0% | 0.2% |
| NEW DAY FINANCIAL, LLC | $7,905,000 | $4,115,000 | -47.9% | 0.2% |
| T2 FINANCIAL LLC | $4,075,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $7,555,000 | $4,010,000 | -46.9% | 0.2% |
| NFM, INC. | $4,960,000 | $3,880,000 | -21.8% | 0.2% |
| OCMBC, INC. | $2,590,000 | $3,845,000 | 48.5% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $4,335,000 | $3,740,000 | -13.7% | 0.2% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $3,685,000 | n/a | 0.2% | |
| Citibank | $3,600,000 | $3,630,000 | 0.8% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $15,110,000 | $3,545,000 | -76.5% | 0.2% |
| NORTHPOINT MORTGAGE, INC. | $2,740,000 | $3,455,000 | 26.1% | 0.2% |
| The Huntington National Bank | $3,325,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $29,080,000 | $3,285,000 | -88.7% | 0.2% |
| First Republic Bank | $2,885,000 | $3,215,000 | 11.4% | 0.2% |
| PREMIA MORTGAGE, LLC | $2,565,000 | $3,215,000 | 25.3% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $9,755,000 | $3,205,000 | -67.1% | 0.2% |
| Evolve Bank & Trust | $2,870,000 | $2,920,000 | 1.7% | 0.1% |
| RF Renovo Management Company, LLC | $740,000 | $2,915,000 | 293.9% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $9,335,000 | $2,790,000 | -70.1% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $8,755,000 | $2,775,000 | -68.3% | 0.1% |
| BAYCOAST MORTGAGE COMPANY, LLC | $2,135,000 | $2,745,000 | 28.6% | 0.1% |
| BayCoast Bank | $380,000 | $2,615,000 | 588.2% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,830,000 | $2,495,000 | -11.8% | 0.1% |
| Newtown Savings Bank | $205,000 | $2,450,000 | 1,095.1% | 0.1% |
| Navigant Credit Union | $1,740,000 | $2,410,000 | 38.5% | 0.1% |
| EMBRACE HOME LOANS, INC. | $5,935,000 | $2,395,000 | -59.6% | 0.1% |
| MEMBERS MORTGAGE COMPANY, INC. | $4,825,000 | $2,395,000 | -50.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,670,000 | $2,375,000 | -35.3% | 0.1% |
| Semper Home Loans, Inc. | $2,245,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $2,710,000 | $2,240,000 | -17.3% | 0.1% |
| Charles Schwab Bank, SSB | $895,000 | $2,230,000 | 149.2% | 0.1% |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $5,025,000 | $2,230,000 | -55.6% | 0.1% |
| Northpointe Bank | $6,835,000 | $2,225,000 | -67.4% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $18,310,000 | $2,155,000 | -88.2% | 0.1% |
| UniBank for Savings | $365,000 | $2,070,000 | 467.1% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $2,135,000 | $2,020,000 | -5.4% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $4,225,000 | $2,020,000 | -52.2% | 0.1% |
| Quontic Bank | $310,000 | $2,000,000 | 545.2% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,785,000 | $1,995,000 | 11.8% | 0.1% |
| HARBORONE MORTGAGE, LLC | $2,490,000 | $1,980,000 | -20.5% | 0.1% |
| Mortgage Network, Inc. | $1,405,000 | $1,940,000 | 38.1% | 0.1% |
| North American Savings Bank, F.S.B. | $3,065,000 | $1,875,000 | -38.8% | 0.1% |
| Chicago Mortgage Solutions LLC | $2,015,000 | $1,870,000 | -7.2% | 0.1% |
| CMG MORTGAGE, INC. | $880,000 | $1,830,000 | 108.0% | 0.1% |
| Monson Savings Bank | $1,820,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $1,085,000 | $1,815,000 | 67.3% | 0.1% |
| Farm Credit East, ACA | $3,915,000 | $1,815,000 | -53.6% | 0.1% |
| Discover Bank | $1,690,000 | $1,795,000 | 6.2% | 0.1% |
| SILVER HILL FUNDING, LLC | $2,060,000 | $1,795,000 | -12.9% | 0.1% |
| First Federal Bank | $2,445,000 | $1,785,000 | -27.0% | 0.1% |
| ENVOY MORTGAGE, LTD | $1,665,000 | $1,710,000 | 2.7% | 0.1% |
| Truist | $1,035,000 | $1,670,000 | 61.4% | 0.1% |
| Ally Bank | $910,000 | $1,655,000 | 81.9% | 0.1% |
| NORTHERN MORTGAGE SERVICES, LLC | $145,000 | $1,590,000 | 996.6% | 0.1% |
| Watermark Capital, Inc. | $3,675,000 | $1,575,000 | -57.1% | 0.1% |
| WESTERLY COMMUNITY | $4,175,000 | $1,555,000 | -62.8% | 0.1% |
| Thomaston Savings Bank | $1,295,000 | $1,545,000 | 19.3% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,500,000 | $1,515,000 | 1.0% | 0.1% |
| Sanborn Mortgage Corporation | $1,405,000 | $1,470,000 | 4.6% | 0.1% |
| PNC Bank | $1,320,000 | $1,410,000 | 6.8% | 0.1% |
| MORTGAGE EQUITY PARTNERS LLC | $680,000 | $1,395,000 | 105.1% | 0.1% |
| Guilford Savings Bank The | $4,105,000 | $1,385,000 | -66.3% | 0.1% |
| Bethpage Federal Credit Union | $1,380,000 | n/a | 0.1% | |
| GUIDANCE RESIDENTIAL, LLC | $1,375,000 | n/a | 0.1% | |
| First Home Bank | $955,000 | $1,370,000 | 43.5% | 0.1% |
| SPRING EQ, LLC | $1,330,000 | $1,365,000 | 2.6% | 0.1% |
| First County Bank | $1,305,000 | n/a | 0.1% | |
| NUTMEG STATE FINANCIAL | $3,110,000 | $1,305,000 | -58.0% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $3,485,000 | $1,295,000 | -62.8% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,280,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $1,960,000 | $1,240,000 | -36.7% | 0.1% |
| Union Savings Bank | $1,930,000 | $1,230,000 | -36.3% | 0.1% |
| A&D Mortgage LLC | $810,000 | $1,205,000 | 48.8% | 0.1% |
| BMO Harris Bank | $25,000 | $1,205,000 | 4,720.0% | 0.1% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $710,000 | $1,205,000 | 69.7% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $175,000 | $1,200,000 | 585.7% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $410,000 | $1,160,000 | 182.9% | 0.1% |
| The Dutch Point Credit Union, Inc. | $1,565,000 | $1,100,000 | -29.7% | 0.1% |
| NexBank | $1,095,000 | n/a | 0.1% | |
| Lakeview Community Capital, LLC | $1,620,000 | $1,080,000 | -33.3% | 0.1% |
| Bank of England | $3,185,000 | $1,060,000 | -66.7% | 0.1% |
| REVERSE MORTGAGE FUNDING LLC | $1,320,000 | $1,055,000 | -20.1% | 0.1% |
| Waterstone Mortgage Corporation | $325,000 | $1,055,000 | 224.6% | 0.1% |
| SIKORSKY FINANCIAL | $765,000 | $1,050,000 | 37.3% | 0.1% |
| FirstBank | $995,000 | $1,045,000 | 5.0% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $5,250,000 | $1,035,000 | -80.3% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $925,000 | $1,025,000 | 10.8% | 0.1% |
| Goldman Sachs Bank USA | $7,995,000 | $985,000 | -87.7% | 0.0% |
| Figure Lending LLC | $615,000 | $935,000 | 52.0% | 0.0% |
| The Federal Savings Bank | $3,630,000 | $915,000 | -74.8% | 0.0% |
| Capital Bank | $545,000 | $905,000 | 66.1% | 0.0% |
| COREVEST AMERICAN FINANCE LENDER LLC | $20,405,000 | $905,000 | -95.6% | 0.0% |
| PHH Mortgage Corporation | $3,040,000 | $900,000 | -70.4% | 0.0% |
| Atlantic Coast Mortgage, LLC | $895,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $590,000 | $880,000 | 49.2% | 0.0% |
| EQUITY RESOURCES, INC. | $4,260,000 | $865,000 | -79.7% | 0.0% |
| Nations Lending Corporation | $2,790,000 | $860,000 | -69.2% | 0.0% |
| GREENWOOD | $70,000 | $845,000 | 1,107.1% | 0.0% |
| ARC HOME LLC | $1,970,000 | $840,000 | -57.4% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $2,385,000 | $835,000 | -65.0% | 0.0% |
| NBKC BANK | $2,575,000 | $830,000 | -67.8% | 0.0% |
| SOFI LENDING CORP. | $5,470,000 | $825,000 | -84.9% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $990,000 | $815,000 | -17.7% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $7,280,000 | $810,000 | -88.9% | 0.0% |
| First National Bank of America | $115,000 | $785,000 | 582.6% | 0.0% |
| Citadel Servicing Corporation | $1,325,000 | $765,000 | -42.3% | 0.0% |
| DIGITAL Federal Credit Union | $905,000 | $740,000 | -18.2% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $95,000 | $740,000 | 678.9% | 0.0% |
| NATIONWIDE EQUITIES CORPORATION | $155,000 | $730,000 | 371.0% | 0.0% |
| NEW FED MORTGAGE, CORP. | $185,000 | $730,000 | 294.6% | 0.0% |
| SIRVA MORTGAGE, INC. | $515,000 | $730,000 | 41.7% | 0.0% |
| The Central Trust Bank | $730,000 | n/a | 0.0% | |
| Silicon Valley Bank | $685,000 | n/a | 0.0% | |
| Avidia Bank | $530,000 | $675,000 | 27.4% | 0.0% |
| The Torrington Savings Bank | $1,415,000 | $670,000 | -52.7% | 0.0% |
| MORTGAGE MARKETS CUSO, LLC | $3,500,000 | $665,000 | -81.0% | 0.0% |
| PRYSMA LENDING GROUP, LLC | $530,000 | $665,000 | 25.5% | 0.0% |
| Kearny Bank | $655,000 | n/a | 0.0% | |
| Cornerstone Bank | $340,000 | $650,000 | 91.2% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $665,000 | $640,000 | -3.8% | 0.0% |
| East Coast Capital Corp. | $215,000 | $625,000 | 190.7% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $615,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $610,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,485,000 | $605,000 | -59.3% | 0.0% |
| ATHAS CAPITAL GROUP, INC. | $605,000 | n/a | 0.0% | |
| Magnolia Bank | $585,000 | $600,000 | 2.6% | 0.0% |
| Armed Forces Bank | $595,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $4,850,000 | $590,000 | -87.8% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $585,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $555,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $420,000 | $550,000 | 31.0% | 0.0% |
| AMERICAN ADVISORS GROUP | $695,000 | $545,000 | -21.6% | 0.0% |
| Windosr Federal Savings & Loan Association | $1,320,000 | $545,000 | -58.7% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $690,000 | $540,000 | -21.7% | 0.0% |
| Princeton Mortgage Corporation | $540,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $255,000 | $540,000 | 111.8% | 0.0% |
| Metro City Bank | $815,000 | $535,000 | -34.4% | 0.0% |
| Strong Home Mortgage, LLC | $1,325,000 | $535,000 | -59.6% | 0.0% |
| EMM LOANS LLC | $1,845,000 | $530,000 | -71.3% | 0.0% |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $25,000 | $530,000 | 2,020.0% | 0.0% |
| The People's Credit Union | $530,000 | n/a | 0.0% | |
| Santander Bank, N.A. | $1,555,000 | $525,000 | -66.2% | 0.0% |
| Community Bank | $505,000 | n/a | 0.0% | |
| GUARANTY HOME MORTGAGE CORPORATION | $505,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $1,550,000 | $490,000 | -68.4% | 0.0% |
| LENDING CAPITAL GROUP Inc | $490,000 | n/a | 0.0% | |
| Luxury Mortgage Corp. | $710,000 | $485,000 | -31.7% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $265,000 | $455,000 | 71.7% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,120,000 | $450,000 | -59.8% | 0.0% |
| WEBSTER FIRST Federal Credit Union | $440,000 | n/a | 0.0% | |
| Merchants Bank of Indiana | $1,635,000 | $430,000 | -73.7% | 0.0% |
| ADVANCIAL | $415,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $415,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $405,000 | n/a | 0.0% | |
| East Cambridge Savings Bank | $405,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $795,000 | $405,000 | -49.1% | 0.0% |
| NORTHEAST FAMILY Federal Credit Union | $925,000 | $400,000 | -56.8% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $395,000 | n/a | 0.0% | |
| FINEX CREDIT UNION | $510,000 | $390,000 | -23.5% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $375,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $370,000 | $370,000 | 0.0% | 0.0% |
| JUSTICE Federal Credit Union | $365,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $710,000 | $360,000 | -49.3% | 0.0% |
| Hometown Bank | $350,000 | n/a | 0.0% | |
| Fairfield County Bank | $255,000 | $345,000 | 35.3% | 0.0% |
| Bay State Savings Bank | $335,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $2,880,000 | $335,000 | -88.4% | 0.0% |
| MID-ISLAND MORTGAGE CORP. | $255,000 | $330,000 | 29.4% | 0.0% |
| Envision Bank | $1,635,000 | $325,000 | -80.1% | 0.0% |
| Raymond James Bank | $1,125,000 | $325,000 | -71.1% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $2,015,000 | $305,000 | -84.9% | 0.0% |
| STAR ONE CREDIT UNION | $305,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $1,045,000 | $295,000 | -71.8% | 0.0% |
| Milford Federal Bank | $295,000 | n/a | 0.0% | |
| NBH Bank | $295,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $335,000 | $290,000 | -13.4% | 0.0% |
| First Federal Bank of Kansas City | $920,000 | $285,000 | -69.0% | 0.0% |
| AmeriHome Mortgage Company, LLC | $2,460,000 | $280,000 | -88.6% | 0.0% |
| NJ LENDERS CORP. | $910,000 | $280,000 | -69.2% | 0.0% |
| HOMESPIRE MORTGAGE CORPORATION | $600,000 | $275,000 | -54.2% | 0.0% |
| Bank Rhode Island | $12,735,000 | $265,000 | -97.9% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $265,000 | n/a | 0.0% | |
| MembersFirst CT FCU | $265,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $260,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $260,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $255,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $2,480,000 | $255,000 | -89.7% | 0.0% |
| Vibrant Credit Union | $255,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $245,000 | n/a | 0.0% | |
| INTERSTATE HOME LOAN CENTER, INC. | $275,000 | $245,000 | -10.9% | 0.0% |
| NORTHEAST HOME LOAN, LLC | $255,000 | $245,000 | -3.9% | 0.0% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $215,000 | $235,000 | 9.3% | 0.0% |
| Simmons Bank | $235,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $225,000 | n/a | 0.0% | |
| Amalgamated Bank | $215,000 | n/a | 0.0% | |
| First-Citizens Bank & Trust Company | $215,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $65,000 | $205,000 | 215.4% | 0.0% |
| Baxter Credit Union | $465,000 | $195,000 | -58.1% | 0.0% |
| First National Bank of Omaha | $255,000 | $195,000 | -23.5% | 0.0% |
| GREENSTATE CREDIT UNION | $195,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $225,000 | $195,000 | -13.3% | 0.0% |
| MORTGAGE 1 INCORPORATED | $165,000 | $185,000 | 12.1% | 0.0% |
| NP, Inc. | $185,000 | $185,000 | 0.0% | 0.0% |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $185,000 | n/a | 0.0% | |
| Westfield Bank | $680,000 | $185,000 | -72.8% | 0.0% |
| Hartford Federal Credit Union | $145,000 | n/a | 0.0% | |
| MASSMUTUAL | $375,000 | $145,000 | -61.3% | 0.0% |
| First Internet Bank of Indiana | $455,000 | $135,000 | -70.3% | 0.0% |
| HomeTrust Bank | $135,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $135,000 | n/a | 0.0% | |
| Advisors Mortgage Group, L.L.C. | $125,000 | n/a | 0.0% | |
| CENTRAL ONE FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
| CONNEX CREDIT UNION | $85,000 | $105,000 | 23.5% | 0.0% |
| 360 Federal Credit Union | $25,000 | $95,000 | 280.0% | 0.0% |
| ALTRA | $95,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $410,000 | $85,000 | -79.3% | 0.0% |
| NUMARK CREDIT UNION | $55,000 | $85,000 | 54.5% | 0.0% |
| LOANPAL, LLC | $115,000 | $75,000 | -34.8% | 0.0% |
| THRIVENT Federal Credit Union | $75,000 | n/a | 0.0% | |
| GENISYS | $55,000 | n/a | 0.0% | |
| Ballston Spa National Bank | $45,000 | n/a | 0.0% | |
| HANSCOM | $60,000 | $35,000 | -41.7% | 0.0% |
| Seasons Federal Credit Union | $825,000 | $15,000 | -98.2% | 0.0% |
NORWICH - NEW LONDON's top lender by overall market share is Charter Oak Federal Credit Union, with 6.1% market share. In second place, with 5.7%, is GREYSTONE SERVICING COMPANY LLC, having originated $116,115,000 in loans. In third place, with 4.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $96,395,000 in loans. In fourth place, with 4.3%, is Chelsea Groton Bank, having originated $86,625,000 in loans. In fifth place, with 4.2%, is Citizens Bank, having originated $86,025,000 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 (-0.1%) | 0.99 | 1,295 |
| 2018-03-01 | $289,450 (0.9%) | $400,112 (1.0%) | 1.02 | 1,312 |
| 2018-04-01 | $296,000 (-1.3%) | $409,214 (-0.6%) | 1.00 | 1,425 |
| 2018-05-01 | $299,450 (-3.2%) | $409,420 (-3.1%) | 1.00 | 1,524 |
| 2018-06-01 | $309,900 (-0.8%) | $418,174 (-1.7%) | 1.03 | 1,574 |
| 2018-07-01 | $299,950 (-4.5%) | $420,745 (-2.7%) | 1.00 | 1,685 |
| 2018-08-01 | $299,000 (-0.1%) | $414,444 (-2.0%) | 1.00 | 1,667 |
| 2018-09-01 | $289,900 (-3.0%) | $403,657 (-5.2%) | 0.97 | 1,691 |
| 2018-10-01 | $289,000 (-0.3%) | $405,136 (-3.0%) | 0.98 | 1,670 |
| 2018-11-01 | $284,850 (0.0%) | $411,550 (0.9%) | 0.97 | 1,580 |
| 2018-12-01 | $274,900 (-1.7%) | $395,432 (-1.8%) | 0.95 | 1,460 |
| 2019-01-01 | $272,175 (1.0%) | $392,936 (2.0%) | 0.94 | 1,268 |
| 2019-02-01 | $277,000 (1.7%) | $397,071 (2.6%) | 0.94 | 1,264 |
| 2019-03-01 | $288,214 (-0.4%) | $408,517 (2.1%) | 0.94 | 1,282 |
| 2019-04-01 | $299,900 (1.3%) | $425,227 (3.9%) | 0.95 | 1,305 |
| 2019-05-01 | $313,675 (4.8%) | $433,047 (5.8%) | 0.98 | 1,385 |
| 2019-06-01 | $319,900 (3.2%) | $436,947 (4.5%) | 1.00 | 1,462 |
| 2019-07-01 | $309,450 (3.2%) | $431,292 (2.5%) | 0.97 | 1,472 |
| 2019-08-01 | $306,518 (2.5%) | $425,426 (2.7%) | 0.97 | 1,451 |
| 2019-09-01 | $302,795 (4.5%) | $421,812 (4.5%) | 0.97 | 1,432 |
| 2019-10-01 | $299,925 (3.8%) | $419,402 (3.5%) | 0.97 | 1,412 |
| 2019-11-01 | $299,900 (5.3%) | $419,876 (2.0%) | 0.98 | 1,325 |
| 2019-12-01 | $299,900 (9.1%) | $415,046 (5.0%) | 1.00 | 1,161 |
| 2020-01-01 | $299,000 (9.9%) | $409,327 (4.2%) | 1.00 | 1,007 |
| 2020-02-01 | $298,500 (7.8%) | $408,980 (3.0%) | 0.97 | 962 |
| 2020-03-01 | $299,000 (3.7%) | $414,466 (1.5%) | 0.94 | 968 |
| 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 (16.7%) | $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 (19.8%) | $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%) | 1.05 | 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%) | $680,313 (27.8%) | 0.89 | 421 |
| 2022-07-01 | $402,500 (15.0%) | $673,607 (27.8%) | 0.90 | 465 |
| 2022-08-01 | $409,975 (18.8%) | $710,674 (40.2%) | 0.94 | 467 |
| 2022-09-01 | $399,900 (14.9%) | $716,877 (45.6%) | 0.93 | 453 |
| 2022-10-01 | $399,900 (14.6%) | $766,536 (39.9%) | 0.94 | 446 |
| 2022-11-01 | $432,200 (23.7%) | $792,414 (43.2%) | 1.04 | 418 |
| 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%) | 1.08 | 288 |
| 2023-02-01 | $481,725 (30.2%) | $858,192 (32.0%) | 1.16 | 261 |
NORWICH - NEW LONDON's median listing price for 2023-02-01 was $481,725, a difference of
$111,825
(30.2%) versus the prior year and
$42,000 versus the prior month.
NORWICH - NEW LONDON's median listing price comes in at 116% of the national average.
NORWICH - NEW LONDON's average listing price for 2023-02-01 was $858,192, a difference of $207,835 (32.0%) versus the prior year and $74,041 versus the prior month.
For the 2023-02-01 period, NORWICH - NEW LONDON had 261 MLS listings, a difference of -27 listings (-9%) versus the prior month and -13 listings (-5%) versus the prior year.
NORWICH - NEW LONDON's median listing price comes in at 116% of the national average.
NORWICH - NEW LONDON's average listing price for 2023-02-01 was $858,192, a difference of $207,835 (32.0%) versus the prior year and $74,041 versus the prior month.
For the 2023-02-01 period, NORWICH - NEW LONDON had 261 MLS listings, a difference of -27 listings (-9%) versus the prior month and -13 listings (-5%) 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 | 99 days | 1,702 sqft |
| 2018-02-01 | 104 days | 1,691 sqft |
| 2018-03-01 | 93 days | 1,728 sqft |
| 2018-04-01 | 64 days | 1,760 sqft |
| 2018-05-01 | 60 days | 1,746 sqft |
| 2018-06-01 | 65 days | 1,796 sqft |
| 2018-07-01 | 70 days | 1,796 sqft |
| 2018-08-01 | 78 days | 1,755 sqft |
| 2018-09-01 | 80 days | 1,745 sqft |
| 2018-10-01 | 86 days | 1,754 sqft |
| 2018-11-01 | 91 days | 1,756 sqft |
| 2018-12-01 | 103 days | 1,722 sqft |
| 2019-01-01 | 108 days | 1,724 sqft |
| 2019-02-01 | 113 days | 1,706 sqft |
| 2019-03-01 | 91 days | 1,698 sqft |
| 2019-04-01 | 63 days | 1,727 sqft |
| 2019-05-01 | 58 days | 1,810 sqft |
| 2019-06-01 | 62 days | 1,882 sqft |
| 2019-07-01 | 67 days | 1,908 sqft |
| 2019-08-01 | 74 days | 1,919 sqft |
| 2019-09-01 | 75 days | 1,933 sqft |
| 2019-10-01 | 77 days | 1,944 sqft |
| 2019-11-01 | 82 days | 1,906 sqft |
| 2019-12-01 | 97 days | 1,905 sqft |
| 2020-01-01 | 103 days | 1,882 sqft |
| 2020-02-01 | 103 days | 1,862 sqft |
| 2020-03-01 | 72 days | 1,855 sqft |
| 2020-04-01 | 74 days | 1,875 sqft |
| 2020-05-01 | 90 days | 1,875 sqft |
| 2020-06-01 | 77 days | 1,886 sqft |
| 2020-07-01 | 58 days | 1,898 sqft |
| 2020-08-01 | 57 days | 1,922 sqft |
| 2020-09-01 | 43 days | 1,910 sqft |
| 2020-10-01 | 43 days | 1,934 sqft |
| 2020-11-01 | 53 days | 1,913 sqft |
| 2020-12-01 | 65 days | 1,880 sqft |
| 2021-01-01 | 78 days | 1,816 sqft |
| 2021-02-01 | 63 days | 1,812 sqft |
| 2021-03-01 | 38 days | 1,812 sqft |
| 2021-04-01 | 27 days | 1,828 sqft |
| 2021-05-01 | 27 days | 1,800 sqft |
| 2021-06-01 | 28 days | 1,779 sqft |
| 2021-07-01 | 33 days | 1,777 sqft |
| 2021-08-01 | 32 days | 1,699 sqft |
| 2021-09-01 | 41 days | 1,743 sqft |
| 2021-10-01 | 42 days | 1,755 sqft |
| 2021-11-01 | 45 days | 1,716 sqft |
| 2021-12-01 | 56 days | 1,700 sqft |
| 2022-01-01 | 65 days | 1,702 sqft |
| 2022-02-01 | 46 days | 1,605 sqft |
| 2022-03-01 | 32 days | 1,600 sqft |
| 2022-04-01 | 29 days | 1,653 sqft |
| 2022-05-01 | 20 days | 1,760 sqft |
| 2022-06-01 | 26 days | 1,809 sqft |
| 2022-07-01 | 30 days | 1,840 sqft |
| 2022-08-01 | 38 days | 1,945 sqft |
| 2022-09-01 | 48 days | 1,905 sqft |
| 2022-10-01 | 42 days | 1,874 sqft |
| 2022-11-01 | 51 days | 1,918 sqft |
| 2022-12-01 | 64 days | 1,892 sqft |
| 2023-01-01 | 76 days | 1,851 sqft |
| 2023-02-01 | 71 days | 1,960 sqft |
NORWICH - NEW LONDON's median listing age (time on market) for 2023-02-01 was 71 days.
This
is 54%
longer
than the same period one year ago.
NORWICH - NEW LONDON's median square footage for active listings during the 2023-02-01 period was 1,960 sqft. One year prior, the average listing was 1,605 sqft.
NORWICH - NEW LONDON's median square footage for active listings during the 2023-02-01 period was 1,960 sqft. One year prior, the average listing was 1,605 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 |
|---|---|---|---|---|---|---|
| 06254 | Norwich-New London, CT | $1,000 | $1,150 | $1,460 | $1,890 | $2,340 |
| 06320 | Norwich-New London, CT | $830 | $1,000 | $1,250 | $1,610 | $2,100 |
| 06330 | Norwich-New London, CT | $850 | $1,020 | $1,270 | $1,640 | $2,130 |
| 06333 | Norwich-New London, CT | $1,050 | $1,270 | $1,580 | $2,040 | $2,650 |
| 06334 | Norwich-New London, CT | $730 | $880 | $1,110 | $1,430 | $1,840 |
| 06335 | Norwich-New London, CT | $860 | $1,040 | $1,290 | $1,660 | $2,160 |
| 06336 | Norwich-New London, CT | $730 | $880 | $1,110 | $1,430 | $1,830 |
| 06338 | Norwich-New London, CT | $840 | $1,010 | $1,260 | $1,620 | $2,110 |
| 06339 | Norwich-New London, CT | $820 | $1,000 | $1,240 | $1,600 | $2,080 |
| 06340 | Norwich-New London, CT | $880 | $1,070 | $1,330 | $1,710 | $2,230 |
| 06349 | Norwich-New London, CT | $840 | $1,010 | $1,260 | $1,620 | $2,110 |
| 06350 | Norwich-New London, CT | $850 | $1,020 | $1,270 | $1,640 | $2,130 |
| 06351 | Norwich-New London, CT | $780 | $950 | $1,180 | $1,520 | $1,980 |
| 06353 | Norwich-New London, CT | $810 | $980 | $1,220 | $1,580 | $2,050 |
| 06355 | Norwich-New London, CT | $920 | $1,120 | $1,390 | $1,790 | $2,330 |
| 06357 | Norwich-New London, CT | $920 | $1,110 | $1,380 | $1,780 | $2,310 |
| 06359 | Norwich-New London, CT | $840 | $1,010 | $1,260 | $1,620 | $2,110 |
| 06360 | Norwich-New London, CT | $800 | $960 | $1,200 | $1,550 | $2,010 |
| 06365 | Norwich-New London, CT | $940 | $1,140 | $1,420 | $1,830 | $2,380 |
| 06370 | Norwich-New London, CT | $800 | $960 | $1,200 | $1,550 | $2,010 |
| 06371 | Norwich-New London, CT | $1,000 | $1,200 | $1,500 | $1,930 | $2,510 |
| 06372 | Norwich-New London, CT | $840 | $1,010 | $1,260 | $1,620 | $2,110 |
| 06374 | Norwich-New London, CT | $750 | $880 | $1,110 | $1,430 | $1,830 |
| 06375 | Norwich-New London, CT | $840 | $1,020 | $1,270 | $1,640 | $2,130 |
| 06376 | Norwich-New London, CT | $1,000 | $1,200 | $1,500 | $1,930 | $2,510 |
| 06378 | Norwich-New London, CT | $1,000 | $1,210 | $1,510 | $1,950 | $2,530 |
| 06379 | Norwich-New London, CT | $730 | $880 | $1,110 | $1,430 | $1,830 |
| 06380 | Norwich-New London, CT | $730 | $880 | $1,110 | $1,430 | $1,830 |
| 06382 | Norwich-New London, CT | $820 | $1,000 | $1,240 | $1,600 | $2,080 |
| 06383 | Norwich-New London, CT | $840 | $1,010 | $1,260 | $1,620 | $2,110 |
| 06384 | Norwich-New London, CT | $790 | $950 | $1,190 | $1,530 | $2,000 |
| 06385 | Norwich-New London, CT | $970 | $1,170 | $1,460 | $1,880 | $2,450 |
| 06389 | Norwich-New London, CT | $780 | $900 | $1,130 | $1,460 | $1,840 |
| 06415 | Norwich-New London, CT | $900 | $1,070 | $1,360 | $1,930 | $2,330 |
| 06420 | Norwich-New London, CT | $960 | $1,160 | $1,440 | $1,860 | $2,410 |
| 06439 | Norwich-New London, CT | $840 | $1,010 | $1,260 | $1,620 | $2,110 |
2022 Average & Median Rent Data Statistics
NORWICH-NEW LONDON, CT average 1BR rent: $1,031, median: $1,010
NORWICH-NEW LONDON, CT average 2BR rent: $1,289, median: $1,260
NORWICH-NEW LONDON, CT average 3BR rent: $1,666, median: $1,620
NORWICH-NEW LONDON, CT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,743 | $1,228,605,000 | $328,241 |
| Cash Out Refi | 1,282 | $300,680,000 | $234,540 |
| Refi | 1,033 | $338,455,000 | $327,643 |
| Home Improvement | 793 | $86,245,000 | $108,758 |
| Other | 666 | $77,040,000 | $115,676 |
Norwich - New London's most frequently cited loan purpose was Home Purchase, with 3,743 originations. The 2nd most popular reason was Cash Out Refi, with 1,282 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,719 | $457,265,000 | $266,006 |
| 5-6% | 1,555 | $399,285,000 | $256,775 |
| 4-5% | 1,501 | $415,865,000 | $277,059 |
| 2.5-3% | 727 | $271,785,000 | $373,845 |
| 6-7% | 662 | $157,940,000 | $238,580 |
| <2.5% | 557 | $78,325,000 | $140,619 |
| 7-8% | 221 | $63,745,000 | $288,439 |
| Over 8% | 136 | $17,060,000 | $125,441 |
During 2022, Norwich - New London's most frequently originated rate bucket was 3-4%, with 1,719 originations.
Loan Sizing (NORWICH-NEW LONDON, CT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 3,203 | $886,845,000 | $276,879 |
| $100k-200k | 1,975 | $295,395,000 | $149,567 |
| $100,000 or less | 1,529 | $80,185,000 | $52,443 |
| $400k-600k | 569 | $268,965,000 | $472,698 |
| $600k-1000k | 184 | $131,750,000 | $716,033 |
| $Over $1MM | 57 | $367,885,000 | $6,454,123 |
NORWICH - NEW LONDON's loan sizing saw the bucket of loans from $200k-400k with 3,203 originations, totaling $886,845,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,492 | $724,190,000 | $290,606 |
| 60-80% | 1,770 | $691,240,000 | $390,531 |
| Under 20% | 1,053 | $54,805,000 | $52,047 |
| 20-40% | 809 | $105,795,000 | $130,773 |
| 40-60% | 773 | $187,635,000 | $242,736 |
| Over 100% | 156 | $53,850,000 | $345,192 |
NORWICH - NEW LONDON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,492 originations, totaling $724,190,000 in origination value.