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 7.09% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 6.68% and one month ago for the week of 2023-08-17, the average rate was 6.69%.

Norwich - New London's average rate one year ago was 5.72%.

For refis of the same type during the week of 2023-09-21, the average rate was 6.35%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Norwich - New London 30 Year Fixed Rate 2023-09-21 7.09%
Norwich - New London 30 Year Fixed Rate Refi 2023-09-21 6.35%
Norwich - New London 15 Year Fixed Rate 2023-09-21 6.03%
Norwich - New London 15 Year Fixed Rate Refi 2023-09-21 5.5%
Norwich - New London 30 Year FHA 2023-09-21 6.71%
Norwich - New London 30 Year FHA Refi 2023-09-21 7.04%
Norwich - New London 30 Year USDA 2023-09-21 7.22%
Norwich - New London 30 Year USDA Refi 2023-09-21 6.82%
Norwich - New London 30 Year VA 2023-09-21 6.37%
Norwich - New London 30 Year VA Refi 2023-09-21 6.82%
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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 174 5.06% $7,040
UNITED WHOLESALE MORTGAGE, LLC 174 5.27% $6,298
Charter Oak Federal Credit Union 164 3.41% $2,693
HOMESTEAD FUNDING CORP. 156 5.13% $4,912
Chelsea Groton Bank 148 4.21% $3,110
TOTAL MORTGAGE SERVICES, LLC 113 5.33% $5,693
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 109 5.10% $6,207
LOANDEPOT.COM, LLC 90 4.30% $6,332
Prosperity Home Mortgage, LLC 84 5.13% $5,538
NORWICH COMMERCIAL GROUP, INC. 80 5.21% $5,933
Liberty Bank 71 3.88% $3,418
NAVY FEDERAL CREDIT UNION 68 5.06% $4,576
Citizens Bank 67 4.27% $5,338
GUARANTEED RATE AFFINITY, LLC 47 5.02% $5,865
PRIMELENDING, A PLAINSCAPITAL COMPANY 47 5.14% $5,138
Wells Fargo Bank 46 4.27% $5,703
GUARANTEED RATE, INC. 44 5.36% $5,935
MOVEMENT MORTGAGE, LLC 36 5.16% $6,305
WILLIAM RAVEIS MORTGAGE, LLC 32 5.09% $5,522
Bank of America 31 4.22% $5,751
PENNYMAC LOAN SERVICES, LLC 31 4.56% $5,982
HOME POINT FINANCIAL CORPORATION 30 4.69% $6,842
EVERETT FINANCIAL, INC. 29 5.24% $2,905
Mr. Cooper ( Nationstar Mortgage ) 28 4.48% $8,953
JPMorgan Chase Bank 25 4.77% $4,993
FIRST WORLD MORTGAGE CORPORATION 24 5.42% $7,558
CROSSCOUNTRY MORTGAGE, LLC 23 5.29% $5,655
ALLIED MORTGAGE GROUP, INC. 21 4.86% $4,175
The Washington Trust Company, of Westerly 21 5.09% $3,914
AMERISAVE MORTGAGE CORPORATION 19 4.15% $9,512
WASHINGTON TRUST MORTGAGE COMPANY LLC 18 4.74% $3,745
Eastern Bank 18 4.38% $4,415
U.S. Bank 17 4.67% $6,513
HOMEBRIDGE FINANCIAL SERVICES, INC. 17 5.67% $6,246
NEWREZ LLC 16 4.38% $5,782
Paramount Residential Mortgage Group, Inc. 14 5.04% $6,703
People's United Bank 14 3.21% $4,015
CALIBER HOME LOANS, INC. 14 4.48% $5,660
SCIENT Federal Credit Union 12 3.35% $2,874
FREEDOM MORTGAGE CORPORATION 12 4.22% $5,135
KeyBank 11 5.14% $5,203
BROKER SOLUTIONS, INC. 11 4.77% $7,680
Flagstar Bank, FSB 11 5.19% $7,948
T2 FINANCIAL LLC 11 5.41% $5,015
M&T Bank 11 4.85% $5,647
Leader Bank 10 4.61% $5,334
Shamrock Home Loans, Inc. 9 4.96% $5,238
Webster Bank 9 4.10% $5,729
MEMBERS MORTGAGE COMPANY, INC. 9 4.13% $2,734
Berkshire Bank 9 3.58% $3,712
BAYCOAST MORTGAGE COMPANY, LLC 9 4.36% $4,565
Evolve Bank & Trust 9 4.85% $4,028
TD Bank 8 4.04% $4,056
Morgan Stanley Private Bank 8 4.28% $4,286
PREMIA MORTGAGE, LLC 8 4.70% $2,175
BETTER MORTGAGE CORPORATION 7 4.29% $4,278
Mortgage Network, Inc. 7 5.12% $4,835
BAY EQUITY LLC 7 4.39% $5,922
NORTHPOINT MORTGAGE, INC. 7 5.57% $5,696
USAA Federal Savings Bank 7 5.18% $7,769
FINANCE OF AMERICA MORTGAGE LLC 7 6.08% $9,089
PROVIDENT FUNDING ASSOCIATES, L.P. 7 4.57% $4,278
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 5.67% $6,444
ZILLOW HOME LOANS, LLC 6 5.38% $7,528
Semper Home Loans, Inc. 6 5.25% $4,205
NFM, INC. 6 5.71% $5,786
NORTHERN MORTGAGE SERVICES, LLC 6 5.25% $4,745
Citibank 6 4.08% $8,611
UBS Bank USA 6 3.77% $5,154
OCMBC, INC. 6 6.79% $8,776
GUILD MORTGAGE COMPANY 6 5.04% $5,399
Centreville Bank 6 4.65% $3,516
AMERICAN EAGLE FINANCIAL CREDIT UNION 6 3.54% $4,802
HARBORONE MORTGAGE, LLC 6 5.60% $5,593
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 5.33% $9,176
The Huntington National Bank 5 4.28% $12,750
WESTERLY COMMUNITY 5 3.80% $3,168
PENTAGON FEDERAL CREDIT UNION 4 3.97% $7,045
Northwest Community Bank 4 4.56% $7,117
Discover Bank 4 5.49% $0
City National Bank 4 4.33% $7,366
ARC HOME LLC 4 4.84% $8,140
PROVINCE MORTGAGE ASSOCIATES, INC. 4 5.09% $4,723
Carrington Mortgage Services, LLC 4 4.25% $7,681
PLAZA HOME MORTGAGE, INC. 4 5.90% $8,485
Ally Bank 4 3.88% $5,258
Farm Credit East, ACA 4 6.04% $9,240
Newtown Savings Bank 4 4.47% $8,917
Thomaston Savings Bank 3 3.79% $4,129
First National Bank of America 3 8.63% $9,920
HOMESIDE FINANCIAL, LLC 3 4.04% $4,240
Northpointe Bank 3 4.21% $4,481
Wyndham Capital Mortgage, Inc. 3 4.67% $7,854
Quontic Bank 3 8.08% $8,252
Watermark Capital, Inc. 3 4.71% $5,409
EQUITY RESOURCES, INC. 3 4.13% $6,222
Navigant Credit Union 3 4.38% $3,855
SUN WEST MORTGAGE COMPANY, INC. 3 5.04% $5,638
NATIONWIDE MORTGAGE BANKERS, INC. 3 6.04% $10,188
MORTGAGE MARKETS CUSO, LLC 3 4.24% $4,626
MORTGAGE EQUITY PARTNERS LLC 3 4.75% $5,772
DIGITAL Federal Credit Union 3 5.54% $3,604
ENVOY MORTGAGE, LTD 3 5.75% $4,195
Chicago Mortgage Solutions LLC 3 3.07% $1,887
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 5.29% $5,883
PRYSMA LENDING GROUP, LLC 3 6.33% $9,267
First Republic Bank 3 3.53% $7,369
Charles Schwab Bank, SSB 3 3.59% $6,135
LENDING CAPITAL GROUP Inc 2 6.06% $8,945
AMERICAN FINANCING CORPORATION 2 3.81% $7,619
AmeriHome Mortgage Company, LLC 2 4.44% $4,886
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 5.94% $6,045
Bank of England 2 3.75% $4,970
Bethpage Federal Credit Union 2 4.63% $4,098
CARDINAL FINANCIAL 2 4.19% $7,671
Century Mortgage Company DBA Century Lending Company 2 3.50% $5,047
CMG MORTGAGE, INC. 2 5.63% $4,390
Cornerstone Bank 2 5.19% $4,065
EMBRACE HOME LOANS, INC. 2 4.06% $3,272
EMM LOANS LLC 2 4.68% $4,646
FirstBank 2 3.50% $3,434
First Home Bank 2 5.62% $5,102
GENEVA FINANCIAL, LLC 2 6.75% $4,475
GUIDANCE RESIDENTIAL, LLC 2 6.38% $4,469
LEADERONE FINANCIAL CORPORATION 2 4.38% $7,250
Merchants Bank of Indiana 2 3.75% $1,747
Metro City Bank 2 5.06% $5,850
Mortgage Research Center, LLC 2 5.44% $3,584
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.69% $5,241
NJ LENDERS CORP. 2 3.94% $3,477
North American Savings Bank, F.S.B. 2 3.88% $4,538
PHH Mortgage Corporation 2 3.06% $4,840
PNC Bank 2 4.63% $4,318
Sanborn Mortgage Corporation 2 4.31% $6,526
Sierra Pacific Mortgage Company, Inc. 2 4.94% $6,801
SIKORSKY FINANCIAL 2 4.25% $3,800
SIRVA MORTGAGE, INC. 2 4.75% $1,254
Stifel Bank and Trust 2 4.63% $4,241
SUCCESS MORTGAGE PARTNERS, INC. 2 4.06% $6,385
Truist 2 4.93% $4,557
Waterstone Mortgage Corporation 2 6.50% $9,866
A&D Mortgage LLC 1 7.13% $12,807
LAND HOME FINANCIAL SERVICES, INC. 1 3.88% $14,536
LAKEVIEW LOAN SERVICING, LLC 1 3.99% $1,371
Lakeview Community Capital, LLC 1 6.13% $8,170
Kearny Bank 1 5.38% $4,044
JUSTICE Federal Credit Union 1 4.50% $6,894
HSBC BANK USA, NATIONAL ASSOCIATION 1 3.22% $6,482
Bank-Fund Staff Federal Credit Union 1 1.99% $3,606
HOMEXPRESS MORTGAGE CORP. 1 4.63% $9,913
ADVANCIAL 1 6.75% $12,424
Hometown Equity Mortgage, LLC 1 6.50% $6,205
HOMESPIRE MORTGAGE CORPORATION 1 7.63% $4,432
Home Loan Investment Bank, F.S.B. 1 6.38% $3,859
Princeton Mortgage Corporation 1 6.75% $8,306
GUARANTY HOME MORTGAGE CORPORATION 1 4.88% $4,121
GREENWOOD 1 5.50% $3,297
GREENSTATE CREDIT UNION 1 5.99% $3,942
Goldman Sachs Bank USA 1 5.10% $5,574
First National Bank of Omaha 1 3.25% $2,835
First Internet Bank of Indiana 1 6.00% $3,282
Raymond James Bank 1 3.50% $3,186
RELIANCE FIRST CAPITAL, LLC 1 5.88% $8,760
RESIDENTIAL BANCORP 1 4.50% $4,582
Atlantic Coast Mortgage, LLC 1 5.25% $6,213
Santander Bank, N.A. 1 3.25% $3,631
First Federal Bank 1 5.50% $8,288
First-Citizens Bank & Trust Company 1 4.58% $4,496
FINEX CREDIT UNION 1 5.13% $5,224
WEBSTER FIRST Federal Credit Union 1 3.00% $2,956
ANGEL OAK HOME LOANS LLC 1 10.50% $24,378
Silicon Valley Bank 1 2.38% $2,963
Simmons Bank 1 3.13% $4,995
Amalgamated Bank 1 4.88% $6,674
SOFI LENDING CORP. 1 3.88% $3,305
STAR ONE CREDIT UNION 1 4.50% $3,243
State Department Federal Credit Union 1 5.38% $6,856
Westfield Bank 1 3.50% $3,832
ALLEGACY FEDERAL CREDIT UNION 1 5.75% $7,599
Fairfield County Bank 1 4.88% $6,201
Envision Bank 1 5.88% $3,388
East Coast Capital Corp. 1 5.25% $7,308
The Central Trust Bank 1 5.12% $3,531
The Federal Savings Bank 1 6.38% $8,306
DRAPER AND KRAMER MORTGAGE CORP. 1 5.25% $3,695
The People's Credit Union 1 5.38% $3,812
The Torrington Savings Bank 1 6.88% $3,802
DEEPHAVEN MORTGAGE LLC 1 6.99% $6,343
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.13% $4,037
THRIVENT Federal Credit Union 1 5.75% $2,639
CONTOUR MORTGAGE CORPORATION 1 3.50% $8,988
Advisors Mortgage Group, L.L.C. 1 5.25% $3,457
Citadel Servicing Corporation 1 7.88% $8,354
UniBank for Savings 1 2.75% $3,230
Union Savings Bank 1 4.25% $3,452
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.13% $7,510
CHURCHILL MORTGAGE CORPORATION 1 3.88% $4,352
BMO Harris Bank 1 2.75% $6,954
NBKC BANK 1 5.88% $3,458
NEW FED MORTGAGE, CORP. 1 7.38% $4,522
MORTGAGE 1 INCORPORATED 1 6.99% $3,933
Milford Federal Bank 1 3.50% $3,364
NexBank 1 5.25% $5,242
MID-ISLAND MORTGAGE CORP. 1 3.88% $10,135
Baxter Credit Union 1 4.63% $3,762
Bank Rhode Island 1 5.75% $3,383
NORTHEAST HOME LOAN, LLC 1 5.50% $11,343
MembersFirst CT FCU 1 3.00% $3,909
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 5.63% $7,031
Luxury Mortgage Corp. 1 5.88% $12,680

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 1,281
2019-04-01 $299,900 (1.3%) $425,227 (3.9%) 0.95 1,304
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%) 0.98 962
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%) 1.06 396
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%) $680,313 (27.8%) 0.89 421
2022-07-01 $402,500 (15.0%) $673,607 (27.8%) 0.91 465
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%) $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%) 1.09 288
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 (23.7%) 1.21 330
2023-07-01 $499,900 (24.2%) $814,118 (20.9%) 1.14 322
2023-08-01 $432,425 (5.2%) $703,908 (-1.0%) 0.99 328
NORWICH - NEW LONDON's median listing price for 2023-08-01 was $432,425, a difference of $21,175 (5.2%) versus the prior year and $-67,475 versus the prior month.

NORWICH - NEW LONDON's median listing price comes in at 99% of the national average.

NORWICH - NEW LONDON's average listing price for 2023-08-01 was $703,908, a difference of $-6,766 (-1.0%) versus the prior year and $-110,210 versus the prior month.

For the 2023-08-01 period, NORWICH - NEW LONDON had 328 MLS listings, a difference of 6 listings (2%) versus the prior month and -139 listings (-30%) 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 1,700 sqft
2018-02-01 96 days 1,691 sqft
2018-03-01 73 days 1,728 sqft
2018-04-01 57 days 1,757 sqft
2018-05-01 54 days 1,746 sqft
2018-06-01 59 days 1,795 sqft
2018-07-01 65 days 1,796 sqft
2018-08-01 72 days 1,754 sqft
2018-09-01 74 days 1,744 sqft
2018-10-01 79 days 1,754 sqft
2018-11-01 84 days 1,755 sqft
2018-12-01 96 days 1,722 sqft
2019-01-01 100 days 1,724 sqft
2019-02-01 100 days 1,706 sqft
2019-03-01 80 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 1,906 sqft
2019-12-01 90 days 1,905 sqft
2020-01-01 97 days 1,882 sqft
2020-02-01 96 days 1,862 sqft
2020-03-01 62 days 1,855 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 1,840 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 1,918 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
NORWICH - NEW LONDON's median listing age (time on market) for 2023-08-01 was 40 days. This is 9% longer than the same period one year ago.

NORWICH - NEW LONDON's median square footage for active listings during the 2023-08-01 period was 1,885 sqft. One year prior, the average listing was 1,945 sqft.

NORWICH-NEW LONDON, CT Average Rent (2023)

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For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
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.