NORWICH - NEW LONDON Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Norwich - New London averaged 6.76% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 7.01% and one month ago for the week of 2025-04-17, the average rate was 6.83%.

    Norwich - New London's average rate one year ago was 7.22%.

    For refis of the same type during the week of 2025-05-22, the average rate was 7.66%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Norwich - New London 30 Year Fixed Rate 2025-05-22 6.76%
    Norwich - New London 30 Year Fixed Rate Refi 2025-05-22 7.66%
    Norwich - New London 15 Year Fixed Rate 2025-05-22 6.21%
    Norwich - New London 15 Year Fixed Rate Refi 2025-05-22 6.31%
    Norwich - New London 30 Year FHA 2025-05-22 6.81%
    Norwich - New London 30 Year FHA Refi 2025-05-22 6.61%
    Norwich - New London 30 Year USDA 2025-05-22 6.53%
    Norwich - New London 30 Year USDA Refi 2025-05-22 6.23%
    Norwich - New London 30 Year VA 2025-05-22 6.62%
    Norwich - New London 30 Year VA Refi 2025-05-22 6.52%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share

    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 $247,450 (-0.9%) $351,887 (-1.1%) 0.92 1,288
    2018-02-01 $247,925 (-0.8%) $350,627 (-1.4%) 0.90 1,230
    2018-03-01 $254,900 (-0.8%) $360,663 (-0.6%) 0.89 1,231
    2018-04-01 $262,475 (-4.5%) $370,491 (-2.2%) 0.89 1,337
    2018-05-01 $268,588 (-4.0%) $372,298 (-4.7%) 0.90 1,424
    2018-06-01 $279,900 (-1.4%) $380,422 (-2.6%) 0.93 1,465
    2018-07-01 $274,950 (-4.9%) $381,686 (-4.4%) 0.92 1,585
    2018-08-01 $269,925 (-1.8%) $373,730 (-3.2%) 0.90 1,569
    2018-09-01 $265,000 (-1.8%) $366,101 (-5.4%) 0.89 1,604
    2018-10-01 $268,000 (1.2%) $368,547 (-2.9%) 0.91 1,581
    2018-11-01 $265,300 (2.1%) $374,642 (1.4%) 0.90 1,503
    2018-12-01 $251,950 (0.8%) $359,615 (-0.5%) 0.87 1,393
    2019-01-01 $252,900 (2.2%) $359,613 (2.2%) 0.87 1,212
    2019-02-01 $259,675 (4.7%) $363,384 (3.6%) 0.88 1,192
    2019-03-01 $266,329 (4.5%) $371,675 (3.1%) 0.87 1,199
    2019-04-01 $274,950 (4.8%) $382,928 (3.4%) 0.87 1,217
    2019-05-01 $286,745 (6.8%) $391,668 (5.2%) 0.90 1,296
    2019-06-01 $289,900 (3.6%) $393,886 (3.5%) 0.91 1,366
    2019-07-01 $289,900 (5.4%) $390,870 (2.4%) 0.91 1,391
    2019-08-01 $288,564 (6.9%) $387,391 (3.7%) 0.91 1,370
    2019-09-01 $286,559 (8.1%) $384,473 (5.0%) 0.92 1,352
    2019-10-01 $285,223 (6.4%) $382,529 (3.8%) 0.92 1,331
    2019-11-01 $285,000 (7.4%) $384,989 (2.8%) 0.93 1,232
    2019-12-01 $289,450 (14.9%) $379,865 (5.6%) 0.97 1,082
    2020-01-01 $279,900 (10.7%) $369,337 (2.7%) 0.94 936
    2020-02-01 $279,000 (7.4%) $369,773 (1.8%) 0.91 908
    2020-03-01 $280,925 (5.5%) $376,642 (1.3%) 0.88 915
    2020-04-01 $294,500 (7.1%) $396,985 (3.7%) 0.92 868
    2020-05-01 $299,000 (4.3%) $417,946 (6.7%) 0.91 796
    2020-06-01 $299,900 (3.5%) $423,453 (7.5%) 0.88 744
    2020-07-01 $312,725 (7.9%) $438,955 (12.3%) 0.91 638
    2020-08-01 $326,500 (13.2%) $461,482 (19.1%) 0.94 587
    2020-09-01 $324,950 (13.4%) $459,326 (19.5%) 0.93 591
    2020-10-01 $319,000 (11.8%) $457,338 (19.6%) 0.91 613
    2020-11-01 $319,475 (12.1%) $467,728 (21.5%) 0.93 559
    2020-12-01 $327,450 (13.1%) $475,329 (25.1%) 0.97 487
    2021-01-01 $300,000 (7.2%) $474,848 (28.6%) 0.90 397
    2021-02-01 $333,450 (19.5%) $505,476 (36.7%) 0.97 310
    2021-03-01 $324,950 (15.7%) $506,048 (34.4%) 0.92 303
    2021-04-01 $321,000 (9.0%) $522,329 (31.6%) 0.87 334
    2021-05-01 $345,000 (15.4%) $509,261 (21.9%) 0.92 369
    2021-06-01 $332,450 (10.9%) $479,391 (13.2%) 0.88 445
    2021-07-01 $325,000 (3.9%) $472,303 (7.6%) 0.86 507
    2021-08-01 $319,900 (-2.0%) $458,492 (-0.7%) 0.85 536
    2021-09-01 $319,475 (-1.7%) $441,088 (-4.0%) 0.85 538
    2021-10-01 $325,000 (1.9%) $457,913 (0.1%) 0.87 506
    2021-11-01 $314,700 (-1.5%) $449,266 (-4.0%) 0.84 442
    2021-12-01 $302,400 (-7.7%) $451,897 (-4.9%) 0.82 361
    2022-01-01 $299,000 (-0.3%) $456,649 (-3.8%) 0.81 266
    2022-02-01 $328,750 (-1.4%) $474,736 (-6.1%) 0.86 259
    2022-03-01 $328,225 (1.0%) $472,716 (-6.6%) 0.82 272
    2022-04-01 $349,900 (9.0%) $486,112 (-6.9%) 0.83 285
    2022-05-01 $372,400 (7.9%) $525,327 (3.2%) 0.85 341
    2022-06-01 $366,200 (10.2%) $553,386 (15.4%) 0.82 383
    2022-07-01 $357,450 (10.0%) $550,289 (16.5%) 0.81 435
    2022-08-01 $379,950 (18.8%) $597,176 (30.3%) 0.88 437
    2022-09-01 $378,375 (18.4%) $584,547 (32.5%) 0.88 428
    2022-10-01 $374,950 (15.4%) $627,175 (37.0%) 0.88 423
    2022-11-01 $397,200 (26.2%) $647,505 (44.1%) 0.95 391
    2022-12-01 $399,000 (31.9%) $633,894 (40.3%) 0.99 323
    2023-01-01 $393,195 (31.5%) $589,571 (29.1%) 0.97 273
    2023-02-01 $451,950 (37.5%) $661,021 (39.2%) 1.09 242
    2023-03-01 $468,000 (42.6%) $726,577 (53.7%) 1.10 225
    2023-04-01 $449,900 (28.6%) $677,395 (39.4%) 1.05 256
    2023-05-01 $462,425 (24.2%) $694,120 (32.1%) 1.05 290
    2023-06-01 $494,225 (35.0%) $720,125 (30.1%) 1.11 305
    2023-07-01 $474,950 (32.9%) $694,431 (26.2%) 1.08 298
    2023-08-01 $399,900 (5.3%) $593,908 (-0.6%) 0.92 307
    2023-09-01 $400,000 (5.7%) $615,166 (5.2%) 0.93 292
    2023-10-01 $424,900 (13.3%) $643,118 (2.5%) 1.00 315
    2023-11-01 $424,550 (6.9%) $646,878 (-0.1%) 1.01 331
    2023-12-01 $403,750 (1.2%) $630,198 (-0.6%) 0.98 293
    2024-01-01 $422,450 (7.4%) $626,127 (6.2%) 1.03 278
    2024-02-01 $439,681 (-2.7%) $660,501 (-0.1%) 1.06 261
    2024-03-01 $425,000 (-9.2%) $652,625 (-10.2%) 1.00 262
    2024-04-01 $467,225 (3.9%) $716,203 (5.7%) 1.09 274
    2024-05-01 $488,250 (5.6%) $741,541 (6.8%) 1.11 323
    2024-06-01 $459,950 (-6.9%) $756,210 (5.0%) 1.05 350
    2024-07-01 $457,450 (-3.7%) $749,109 (7.9%) 1.05 351
    2024-08-01 $459,000 (14.8%) $727,195 (22.4%) 1.07 365
    2024-09-01 $437,500 (9.4%) $706,141 (14.8%) 1.03 411
    2024-10-01 $432,000 (1.7%) $716,961 (11.5%) 1.02 403
    2024-11-01 $409,900 (-3.5%) $620,725 (-4.0%) 0.98 365
    2024-12-01 $404,931 (0.3%) $598,291 (-5.1%) 1.01 280
    2025-01-01 $384,450 (-9.0%) $581,195 (-7.2%) 0.96 277
    2025-02-01 $394,925 (-10.2%) $587,281 (-11.1%) 0.96 271
    2025-03-01 $424,900 (0.0%) $630,484 (-3.4%) 1.00 261
    2025-04-01 $450,000 (-3.7%) $681,399 (-4.9%) 1.04 308
    NORWICH - NEW LONDON's median listing price for 2025-04-01 was $450,000, a difference of $-17,225 (-3.7%) versus the prior year and $25,100 versus the prior month.

    NORWICH - NEW LONDON's median listing price comes in at 104% of the national average.

    NORWICH - NEW LONDON's average listing price for 2025-04-01 was $681,399, a difference of $-34,804 (-4.9%) versus the prior year and $50,915 versus the prior month.

    For the 2025-04-01 period, NORWICH - NEW LONDON had 308 MLS listings, a difference of 47 listings (18%) versus the prior month and 34 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 91 days 1,637 sqft
    2018-02-01 95 days 1,627 sqft
    2018-03-01 74 days 1,663 sqft
    2018-04-01 53 days 1,680 sqft
    2018-05-01 53 days 1,679 sqft
    2018-06-01 56 days 1,719 sqft
    2018-07-01 62 days 1,719 sqft
    2018-08-01 69 days 1,699 sqft
    2018-09-01 71 days 1,698 sqft
    2018-10-01 77 days 1,714 sqft
    2018-11-01 83 days 1,715 sqft
    2018-12-01 93 days 1,680 sqft
    2019-01-01 98 days 1,673 sqft
    2019-02-01 97 days 1,663 sqft
    2019-03-01 79 days 1,660 sqft
    2019-04-01 56 days 1,695 sqft
    2019-05-01 52 days 1,762 sqft
    2019-06-01 58 days 1,809 sqft
    2019-07-01 63 days 1,831 sqft
    2019-08-01 66 days 1,845 sqft
    2019-09-01 67 days 1,870 sqft
    2019-10-01 68 days 1,890 sqft
    2019-11-01 74 days 1,854 sqft
    2019-12-01 88 days 1,848 sqft
    2020-01-01 94 days 1,823 sqft
    2020-02-01 93 days 1,800 sqft
    2020-03-01 59 days 1,804 sqft
    2020-04-01 64 days 1,846 sqft
    2020-05-01 79 days 1,851 sqft
    2020-06-01 61 days 1,843 sqft
    2020-07-01 50 days 1,825 sqft
    2020-08-01 45 days 1,875 sqft
    2020-09-01 36 days 1,840 sqft
    2020-10-01 37 days 1,851 sqft
    2020-11-01 46 days 1,851 sqft
    2020-12-01 59 days 1,847 sqft
    2021-01-01 68 days 1,784 sqft
    2021-02-01 51 days 1,774 sqft
    2021-03-01 31 days 1,786 sqft
    2021-04-01 24 days 1,785 sqft
    2021-05-01 24 days 1,783 sqft
    2021-06-01 26 days 1,771 sqft
    2021-07-01 29 days 1,768 sqft
    2021-08-01 30 days 1,676 sqft
    2021-09-01 37 days 1,720 sqft
    2021-10-01 39 days 1,729 sqft
    2021-11-01 43 days 1,687 sqft
    2021-12-01 52 days 1,636 sqft
    2022-01-01 61 days 1,567 sqft
    2022-02-01 33 days 1,600 sqft
    2022-03-01 28 days 1,600 sqft
    2022-04-01 28 days 1,600 sqft
    2022-05-01 18 days 1,753 sqft
    2022-06-01 23 days 1,775 sqft
    2022-07-01 26 days 1,772 sqft
    2022-08-01 35 days 1,858 sqft
    2022-09-01 45 days 1,842 sqft
    2022-10-01 38 days 1,845 sqft
    2022-11-01 46 days 1,861 sqft
    2022-12-01 57 days 1,850 sqft
    2023-01-01 71 days 1,800 sqft
    2023-02-01 60 days 1,874 sqft
    2023-03-01 44 days 1,970 sqft
    2023-04-01 27 days 1,951 sqft
    2023-05-01 29 days 1,903 sqft
    2023-06-01 28 days 2,015 sqft
    2023-07-01 31 days 2,000 sqft
    2023-08-01 37 days 1,854 sqft
    2023-09-01 42 days 1,855 sqft
    2023-10-01 40 days 1,856 sqft
    2023-11-01 41 days 1,838 sqft
    2023-12-01 50 days 1,770 sqft
    2024-01-01 51 days 1,750 sqft
    2024-02-01 45 days 1,750 sqft
    2024-03-01 35 days 1,693 sqft
    2024-04-01 34 days 1,745 sqft
    2024-05-01 30 days 1,791 sqft
    2024-06-01 35 days 1,747 sqft
    2024-07-01 40 days 1,711 sqft
    2024-08-01 41 days 1,721 sqft
    2024-09-01 37 days 1,737 sqft
    2024-10-01 41 days 1,730 sqft
    2024-11-01 51 days 1,654 sqft
    2024-12-01 53 days 1,679 sqft
    2025-01-01 52 days 1,618 sqft
    2025-02-01 44 days 1,615 sqft
    2025-03-01 40 days 1,644 sqft
    2025-04-01 31 days 1,676 sqft
    NORWICH - NEW LONDON's median listing age (time on market) for 2025-04-01 was 31 days. This is -10% shorter than the same period one year ago.

    NORWICH - NEW LONDON's median square footage for active listings during the 2025-04-01 period was 1,676 sqft. One year prior, the average listing was 1,745 sqft.

    NORWICH-NEW LONDON, CT Market Loan Reason

    Loan Purpose Originations Total Value Average Loan

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan

    Loan Sizing (NORWICH-NEW LONDON, CT MSA)

    Loan Size Originations Total Value Average Loan

    LTV Distribution

    Loan to Value Originations Total Value Average Loan