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
6.82%
for the week of 2025-04-10, compared to the national average of
6.62% for the same period.
The average rate for the prior week (2025-04-03) was
6.54% and
one month ago for the week of 2025-03-06, the
average rate was 6.73%.
Norwich - New London's average rate one year ago was 6.92%.
For refis of the same type during the week of 2025-04-10, the average rate
was 7.02%.
Loan Type |
Date |
Rate |
US 30 Year Fixed Rate |
2025-04-10 |
6.62% |
Norwich - New London 30 Year Fixed Rate |
2025-04-10 |
6.82% |
Norwich - New London 30 Year Fixed Rate Refi |
2025-04-10 |
7.02% |
Norwich - New London 15 Year Fixed Rate |
2025-04-10 |
5.62% |
Norwich - New London 15 Year Fixed Rate Refi |
2025-04-10 |
5.72% |
Norwich - New London 30 Year FHA |
2025-04-10 |
6.53% |
Norwich - New London 30 Year FHA Refi |
2025-04-10 |
6.73% |
Norwich - New London 30 Year USDA |
2025-04-10 |
6.45% |
Norwich - New London 30 Year USDA Refi |
2025-04-10 |
6.55% |
Norwich - New London 30 Year VA |
2025-04-10 |
6.49% |
Norwich - New London 30 Year VA Refi |
2025-04-10 |
6.39% |
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%) |
0.00 |
261 |
NORWICH - NEW LONDON's median listing price for 2025-03-01 was $424,900, a difference of
$-100
(0.0%) versus the prior year and
$29,975 versus the prior month.
NORWICH - NEW LONDON's median listing price comes in at 0% of the national average.
NORWICH - NEW LONDON's average listing price for 2025-03-01 was $630,484, a difference of
$-22,141
(-3.4%) versus the prior year and
$43,203 versus the prior month.
For the 2025-03-01 period, NORWICH - NEW LONDON had 261 MLS listings, a difference of
-10 listings
(-4%)
versus the prior month and
-1 listings
(0%)
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 |
0 days |
1,644 sqft |
NORWICH - NEW LONDON's median listing age (time on market) for 2025-03-01 was 0 days.
This
is -100%
shorter
than the same period one year ago.
NORWICH - NEW LONDON's median square footage for active listings during the 2025-03-01 period was
1,644 sqft. One year prior, the average listing was
1,693 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 |