Torrington Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Torrington averaged
6.79%
for the week of 2024-04-18, compared to the national average of
7.1% for the same period.
The average rate for the prior week (2024-04-11) was
6.57% and
one month ago for the week of 2024-03-14, the
average rate was 6.63%.
Torrington's average rate one year ago was 6.26%.
For refis of the same type during the week of 2024-04-18, the average rate
was 7.46%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-18 | 7.1% |
| Torrington 30 Year Fixed Rate | 2024-04-18 | 6.79% |
| Torrington 30 Year Fixed Rate Refi | 2024-04-18 | 7.46% |
| Torrington 15 Year Fixed Rate | 2024-04-18 | 6.29% |
| Torrington 15 Year Fixed Rate Refi | 2024-04-18 | 6.79% |
| Torrington 30 Year FHA | 2024-04-18 | 6.84% |
| Torrington 30 Year FHA Refi | 2024-04-18 | 6.86% |
| Torrington 30 Year USDA | 2024-04-18 | 6.86% |
| Torrington 30 Year USDA Refi | 2024-04-18 | 6.66% |
| Torrington 30 Year VA | 2024-04-18 | 6.71% |
| Torrington 30 Year VA Refi | 2024-04-18 | 6.56% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Torrington, CT.
Torrington 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 Torrington, 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.).
Torrington Average Closing Costs & Other Stats
Torrington, CT's 150 lenders originated 3,807
loans during 2023. The total origination value was $888,925,000, with an average loan value of
$233,498.
Torrington's average closing costs are $5,744.
The top Torrington lender as defined by loan originations is TOTAL MORTGAGE SERVICES, LLC, with
112 loans originated. Their average total fees are
$6,751, which is $770
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Torrington lenders (with over 10 loans originated) are
Webster Bank ($2,721), The Torrington Savings Bank ($3,291), TD Bank ($3,469), Liberty Bank ($3,593) and Thomaston Savings Bank ($3,875).
The lowest rate Torrington lenders (with over 10 loans originated) are
Citibank (5.18%), Union Savings Bank (5.68%), Thomaston Savings Bank (5.68%), NBT Bank (5.69%) and Morgan Stanley Private Bank (5.78%).
Torrington, CT Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Thomaston Savings Bank | $53,365,000 | $55,535,000 | 4.1% | 6.2% |
| QUICKEN LOANS, LLC | $71,200,000 | $48,900,000 | -31.3% | 5.5% |
| TOTAL MORTGAGE SERVICES, LLC | $59,320,000 | $45,710,000 | -22.9% | 5.1% |
| The Torrington Savings Bank | $41,665,000 | $37,655,000 | -9.6% | 4.2% |
| Webster Bank | $61,525,000 | $33,365,000 | -45.8% | 3.8% |
| Union Savings Bank | $36,795,000 | $31,775,000 | -13.6% | 3.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $31,900,000 | $29,925,000 | -6.2% | 3.4% |
| Bank of America | $55,055,000 | $28,780,000 | -47.7% | 3.2% |
| FIRST WORLD MORTGAGE CORPORATION | $27,840,000 | $26,915,000 | -3.3% | 3.0% |
| Newtown Savings Bank | $32,420,000 | $23,620,000 | -27.1% | 2.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $30,195,000 | $22,930,000 | -24.1% | 2.6% |
| Northwest Community Bank | $39,025,000 | $21,080,000 | -46.0% | 2.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $14,585,000 | $17,810,000 | 22.1% | 2.0% |
| Citizens Bank | $31,190,000 | $16,510,000 | -47.1% | 1.9% |
| U.S. Bank | $21,495,000 | $15,370,000 | -28.5% | 1.7% |
| Wells Fargo Bank | $45,375,000 | $15,135,000 | -66.6% | 1.7% |
| Citibank | $28,990,000 | $15,095,000 | -47.9% | 1.7% |
| NORWICH COMMERCIAL GROUP, INC. | $25,615,000 | $14,020,000 | -45.3% | 1.6% |
| JPMorgan Chase Bank | $47,250,000 | $13,235,000 | -72.0% | 1.5% |
| Morgan Stanley Private Bank | $14,590,000 | $12,830,000 | -12.1% | 1.4% |
| GUARANTEED RATE AFFINITY, LLC | $18,195,000 | $12,095,000 | -33.5% | 1.4% |
| Salisbury Bank and Trust Company | $49,310,000 | $11,185,000 | -77.3% | 1.3% |
| Berkshire Bank | $24,100,000 | $11,100,000 | -53.9% | 1.2% |
| TD Bank | $12,910,000 | $11,070,000 | -14.3% | 1.2% |
| MOVEMENT MORTGAGE, LLC | $7,515,000 | $10,355,000 | 37.8% | 1.2% |
| LOANDEPOT.COM, LLC | $31,700,000 | $10,345,000 | -67.4% | 1.2% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $9,585,000 | n/a | 1.1% | |
| GUARANTEED RATE, INC. | $22,210,000 | $8,895,000 | -60.0% | 1.0% |
| Mortgage Research Center, LLC | $15,295,000 | $8,890,000 | -41.9% | 1.0% |
| NBT Bank | $7,755,000 | n/a | 0.9% | |
| M&T Bank | $13,085,000 | $7,570,000 | -42.1% | 0.9% |
| Liberty Bank | $6,285,000 | $7,340,000 | 16.8% | 0.8% |
| Flagstar Bank, FSB | $10,645,000 | $6,895,000 | -35.2% | 0.8% |
| NEWREZ LLC | $6,680,000 | $6,665,000 | -0.2% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $10,210,000 | $6,000,000 | -41.2% | 0.7% |
| PLAZA HOME MORTGAGE, INC. | $3,550,000 | $5,365,000 | 51.1% | 0.6% |
| Savings Bank of Danbury | $6,670,000 | $5,275,000 | -20.9% | 0.6% |
| CMG MORTGAGE, INC. | $1,025,000 | $5,160,000 | 403.4% | 0.6% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,220,000 | $4,790,000 | 115.8% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $10,965,000 | $4,725,000 | -56.9% | 0.5% |
| Ion Bank | $5,585,000 | $4,685,000 | -16.1% | 0.5% |
| PRYSMA LENDING GROUP, LLC | $2,970,000 | $4,665,000 | 57.1% | 0.5% |
| Prosperity Home Mortgage, LLC | $11,210,000 | $4,405,000 | -60.7% | 0.5% |
| BNY Mellon | $1,505,000 | $4,335,000 | 188.0% | 0.5% |
| HOMESTEAD FUNDING CORP. | $4,960,000 | $4,200,000 | -15.3% | 0.5% |
| WILLIAM RAVEIS MORTGAGE, LLC | $6,645,000 | $4,100,000 | -38.3% | 0.5% |
| WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION | $5,835,000 | $4,085,000 | -30.0% | 0.5% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $8,760,000 | $3,865,000 | -55.9% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $6,025,000 | $3,710,000 | -38.4% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $3,265,000 | $3,555,000 | 8.9% | 0.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $7,585,000 | $3,370,000 | -55.6% | 0.4% |
| RF Renovo Management Company, LLC | $2,690,000 | $3,020,000 | 12.3% | 0.3% |
| BROKER SOLUTIONS, INC. | $2,915,000 | $2,970,000 | 1.9% | 0.3% |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $1,680,000 | $2,930,000 | 74.4% | 0.3% |
| MEMBERS MORTGAGE COMPANY, INC. | $2,955,000 | $2,815,000 | -4.7% | 0.3% |
| Carrington Mortgage Services, LLC | $6,145,000 | $2,615,000 | -57.4% | 0.3% |
| Charles Schwab Bank, SSB | $2,585,000 | $2,500,000 | -3.3% | 0.3% |
| GUILD MORTGAGE COMPANY | $2,960,000 | $2,475,000 | -16.4% | 0.3% |
| CARDINAL FINANCIAL | $3,225,000 | $2,460,000 | -23.7% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $245,000 | $2,430,000 | 891.8% | 0.3% |
| Keystone Funding, Inc. | $2,285,000 | n/a | 0.3% | |
| Farm Credit East, ACA | $1,275,000 | $2,270,000 | 78.0% | 0.3% |
| SIKORSKY FINANCIAL | $4,525,000 | $2,260,000 | -50.1% | 0.3% |
| NATIONS DIRECT MORTGAGE, LLC | $225,000 | $2,230,000 | 891.1% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,395,000 | $2,220,000 | -49.5% | 0.2% |
| Evolve Bank & Trust | $5,195,000 | $2,115,000 | -59.3% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $11,395,000 | $2,105,000 | -81.5% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $7,830,000 | $2,020,000 | -74.2% | 0.2% |
| Leader Bank | $3,170,000 | $2,015,000 | -36.4% | 0.2% |
| PNC Bank | $3,610,000 | $2,010,000 | -44.3% | 0.2% |
| HUDSON VALLEY CREDIT UNION | $1,580,000 | $1,985,000 | 25.6% | 0.2% |
| Discover Bank | $1,235,000 | $1,975,000 | 59.9% | 0.2% |
| GuardHill Financial Corp. | $5,635,000 | $1,935,000 | -65.7% | 0.2% |
| CALIBER HOME LOANS, INC. | $9,440,000 | $1,895,000 | -79.9% | 0.2% |
| BETTER MORTGAGE CORPORATION | $2,615,000 | $1,885,000 | -27.9% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $3,955,000 | $1,885,000 | -52.3% | 0.2% |
| ENVOY MORTGAGE, LTD | $2,655,000 | $1,820,000 | -31.5% | 0.2% |
| T2 FINANCIAL LLC | $1,800,000 | n/a | 0.2% | |
| First Republic Bank | $17,460,000 | $1,690,000 | -90.3% | 0.2% |
| CONTINENTAL MORTGAGE BANKERS, INC. | $490,000 | $1,605,000 | 227.6% | 0.2% |
| Chelsea Groton Bank | $1,030,000 | $1,580,000 | 53.4% | 0.2% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $660,000 | $1,575,000 | 138.6% | 0.2% |
| MUTUAL SECURITY CREDIT UNION | $5,915,000 | $1,510,000 | -74.5% | 0.2% |
| MidFirst Bank | $1,505,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $1,925,000 | $1,505,000 | -21.8% | 0.2% |
| Bethpage Federal Credit Union | $1,830,000 | $1,395,000 | -23.8% | 0.2% |
| CONSTRUCTIVE LOANS, LLC | $1,355,000 | n/a | 0.2% | |
| Figure Lending LLC | $785,000 | $1,350,000 | 72.0% | 0.2% |
| USAA Federal Savings Bank | $2,480,000 | $1,315,000 | -47.0% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $1,330,000 | $1,290,000 | -3.0% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,110,000 | $1,290,000 | 16.2% | 0.1% |
| MORTGAGE MARKETS CUSO, LLC | $2,185,000 | $1,285,000 | -41.2% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $4,040,000 | $1,260,000 | -68.8% | 0.1% |
| Bank of England | $1,255,000 | n/a | 0.1% | |
| CLIFFCO, INC. | $555,000 | $1,250,000 | 125.2% | 0.1% |
| First Federal Bank | $215,000 | $1,185,000 | 451.2% | 0.1% |
| City National Bank | $5,325,000 | $1,180,000 | -77.8% | 0.1% |
| MORTGAGE EQUITY PARTNERS LLC | $1,180,000 | n/a | 0.1% | |
| Charter Oak Federal Credit Union | $245,000 | $1,170,000 | 377.6% | 0.1% |
| EQUITY RESOURCES, INC. | $2,590,000 | $1,125,000 | -56.6% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $240,000 | $1,120,000 | 366.7% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $115,000 | $1,120,000 | 873.9% | 0.1% |
| AMWEST FUNDING CORP. | $1,070,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $1,495,000 | $1,060,000 | -29.1% | 0.1% |
| East Coast Capital Corp. | $670,000 | $1,035,000 | 54.5% | 0.1% |
| BAY EQUITY LLC | $4,300,000 | $1,030,000 | -76.0% | 0.1% |
| GREYSTONE SERVICING COMPANY LLC | $1,005,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $465,000 | $1,000,000 | 115.1% | 0.1% |
| NP, Inc. | $965,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $1,180,000 | $935,000 | -20.8% | 0.1% |
| CONNECTICUT STATE EMPLOYEES | $3,170,000 | $915,000 | -71.1% | 0.1% |
| AMERICAN EAGLE FINANCIAL CREDIT UNION | $2,655,000 | $865,000 | -67.4% | 0.1% |
| First National Bank of America | $1,170,000 | $860,000 | -26.5% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,220,000 | $855,000 | -29.9% | 0.1% |
| Fairfield County Bank | $2,680,000 | $820,000 | -69.4% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $795,000 | n/a | 0.1% | |
| 360 Federal Credit Union | $170,000 | $770,000 | 352.9% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $755,000 | n/a | 0.1% | |
| Magnolia Bank | $1,305,000 | $755,000 | -42.1% | 0.1% |
| Metro City Bank | $595,000 | $755,000 | 26.9% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $500,000 | $750,000 | 50.0% | 0.1% |
| UBS Bank USA | $10,885,000 | $740,000 | -93.2% | 0.1% |
| WINGS FINANCIAL | $725,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $2,445,000 | $715,000 | -70.8% | 0.1% |
| Peapack-Gladstone Bank | $705,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $2,780,000 | $690,000 | -75.2% | 0.1% |
| A&D Mortgage LLC | $1,340,000 | $685,000 | -48.9% | 0.1% |
| BECKAM FUNDING CORP. | $235,000 | $675,000 | 187.2% | 0.1% |
| ARC HOME LLC | $2,065,000 | $660,000 | -68.0% | 0.1% |
| The Camden National Bank | $655,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $525,000 | $650,000 | 23.8% | 0.1% |
| OAKTREE FUNDING CORP. | $635,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $2,375,000 | $630,000 | -73.5% | 0.1% |
| JET DIRECT FUNDING CORP | $265,000 | $625,000 | 135.8% | 0.1% |
| WASHINGTON TRUST MORTGAGE COMPANY LLC | $1,730,000 | $610,000 | -64.7% | 0.1% |
| PeoplesBank | $160,000 | $600,000 | 275.0% | 0.1% |
| New Century Bank | $595,000 | n/a | 0.1% | |
| OCMBC, INC. | $175,000 | $595,000 | 240.0% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,145,000 | $590,000 | -48.5% | 0.1% |
| Semper Home Loans, Inc. | $590,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $745,000 | $590,000 | -20.8% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $780,000 | $580,000 | -25.6% | 0.1% |
| CIBM Bank | $555,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $1,120,000 | $550,000 | -50.9% | 0.1% |
| Ally Bank | $1,990,000 | $525,000 | -73.6% | 0.1% |
| Logan Finance Corporation | $525,000 | n/a | 0.1% | |
| United Nations Federal Credit Union | $605,000 | $515,000 | -14.9% | 0.1% |
| TOWNE MORTGAGE COMPANY | $500,000 | n/a | 0.1% | |
| Home Loan Investment Bank, F.S.B. | $485,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $475,000 | n/a | 0.1% | |
| Fifth Third Bank | $460,000 | n/a | 0.1% | |
| American Airlines Federal Credit Union | $400,000 | $450,000 | 12.5% | 0.1% |
| NORTHPOINT MORTGAGE, INC. | $770,000 | $450,000 | -41.6% | 0.1% |
| Kearny Bank | $445,000 | n/a | 0.1% | |
| Quontic Bank | $1,010,000 | $440,000 | -56.4% | 0.0% |
| CONNEX CREDIT UNION | $125,000 | $435,000 | 248.0% | 0.0% |
| POLISH & SLAVIC FEDERAL CREDIT UNION | $175,000 | $435,000 | 148.6% | 0.0% |
| EMM LOANS LLC | $370,000 | $415,000 | 12.2% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $410,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $405,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $730,000 | $395,000 | -45.9% | 0.0% |
| Brighton Bank | $395,000 | n/a | 0.0% | |
| The Dutch Point Credit Union, Inc. | $360,000 | $395,000 | 9.7% | 0.0% |
| EQUITY NOW INC. | $385,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $385,000 | $385,000 | 0.0% | 0.0% |
| GREYLOCK | $390,000 | $375,000 | -3.8% | 0.0% |
| ALLIANT CREDIT UNION | $110,000 | $360,000 | 227.3% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $1,730,000 | $360,000 | -79.2% | 0.0% |
| Valley National Bank | $415,000 | $355,000 | -14.5% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $4,570,000 | $345,000 | -92.5% | 0.0% |
| NexBank | $335,000 | n/a | 0.0% | |
| Alerus Financial | $325,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $210,000 | $320,000 | 52.4% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $205,000 | $315,000 | 53.7% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $315,000 | n/a | 0.0% | |
| NBH Bank | $315,000 | n/a | 0.0% | |
| Truist | $295,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $285,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $650,000 | $280,000 | -56.9% | 0.0% |
| AMERICAN FINANCE HOUSE LARIBA | $275,000 | n/a | 0.0% | |
| Navigant Credit Union | $305,000 | $275,000 | -9.8% | 0.0% |
| PHH Mortgage Corporation | $2,180,000 | $275,000 | -87.4% | 0.0% |
| Citadel Servicing Corporation | $125,000 | $270,000 | 116.0% | 0.0% |
| The Pittsfield Co-operative Bank | $1,390,000 | $270,000 | -80.6% | 0.0% |
| First Savings Bank | $620,000 | $265,000 | -57.3% | 0.0% |
| Connexus Credit Union | $260,000 | n/a | 0.0% | |
| Windosr Federal Savings & Loan Association | $1,170,000 | $260,000 | -77.8% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $185,000 | $255,000 | 37.8% | 0.0% |
| FINEX CREDIT UNION | $155,000 | $250,000 | 61.3% | 0.0% |
| FIRST MORTGAGE COMPANY, INC. | $250,000 | n/a | 0.0% | |
| Northpointe Bank | $2,695,000 | $245,000 | -90.9% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $1,280,000 | $245,000 | -80.9% | 0.0% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $235,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $235,000 | n/a | 0.0% | |
| NUTMEG STATE FINANCIAL | $1,200,000 | $235,000 | -80.4% | 0.0% |
| The Federal Savings Bank | $1,265,000 | $235,000 | -81.4% | 0.0% |
| Guilford Savings Bank The | $425,000 | $225,000 | -47.1% | 0.0% |
| The Loan Store, Inc. | $225,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $215,000 | $225,000 | 4.7% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $205,000 | n/a | 0.0% | |
| LOANPAL, LLC | $205,000 | n/a | 0.0% | |
| RESIDENTIAL HOME FUNDING CORP. | $195,000 | n/a | 0.0% | |
| Shamrock Home Loans, Inc. | $165,000 | n/a | 0.0% | |
| The Washington Trust Company, of Westerly | $805,000 | $160,000 | -80.1% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $185,000 | $145,000 | -21.6% | 0.0% |
| Lee Bank | $1,405,000 | $135,000 | -90.4% | 0.0% |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
| KeyBank | $2,660,000 | $110,000 | -95.9% | 0.0% |
| ITHINK FINANCIAL Credit Union | $105,000 | n/a | 0.0% | |
| MASSMUTUAL | $270,000 | $105,000 | -61.1% | 0.0% |
| TEACHERS | $665,000 | $105,000 | -84.2% | 0.0% |
| BayCoast Bank | $100,000 | n/a | 0.0% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $405,000 | $95,000 | -76.5% | 0.0% |
| Municipal Credit Union | $85,000 | n/a | 0.0% | |
| MembersFirst CT FCU | $75,000 | n/a | 0.0% | |
| TOWER | $250,000 | $65,000 | -74.0% | 0.0% |
| Westfield Bank | $490,000 | $65,000 | -86.7% | 0.0% |
| DIGITAL Federal Credit Union | $55,000 | n/a | 0.0% | |
| The Huntington National Bank | $235,000 | $55,000 | -76.6% | 0.0% |
| The Milford Bank | $405,000 | $45,000 | -88.9% | 0.0% |
| Service Federal Credit Union | $215,000 | $35,000 | -83.7% | 0.0% |
| CORPORATE AMERICA FAMILY | $25,000 | n/a | 0.0% | |
| Easthampton Savings Bank | $25,000 | n/a | 0.0% | |
| Hartford Federal Credit Union | $285,000 | $25,000 | -91.2% | 0.0% |
Torrington's top lender by overall market share is Thomaston Savings Bank, with 6.2% market share. In second place, with 5.5%, is QUICKEN LOANS, LLC, having originated $48,900,000 in loans. In third place, with 5.1%, is TOTAL MORTGAGE SERVICES, LLC, having originated $45,710,000 in loans. In fourth place, with 4.2%, is The Torrington Savings Bank, having originated $37,655,000 in loans. In fifth place, with 3.8%, is Webster Bank, having originated $33,365,000 in loans.
Torrington Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Torrington (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 | $349,900 (6.1%) | $641,342 (-0.4%) | 1.30 | 1,365 |
| 2018-02-01 | $355,750 (6.4%) | $653,179 (-0.3%) | 1.29 | 1,346 |
| 2018-03-01 | $357,900 (3.9%) | $638,493 (-6.9%) | 1.26 | 1,393 |
| 2018-04-01 | $359,000 (2.6%) | $639,940 (-6.7%) | 1.22 | 1,457 |
| 2018-05-01 | $349,900 (-2.7%) | $635,832 (-5.7%) | 1.17 | 1,589 |
| 2018-06-01 | $350,000 (-2.5%) | $645,536 (-3.9%) | 1.17 | 1,714 |
| 2018-07-01 | $350,000 (-2.8%) | $651,378 (-3.5%) | 1.17 | 1,766 |
| 2018-08-01 | $354,950 (1.5%) | $656,124 (0.4%) | 1.19 | 1,762 |
| 2018-09-01 | $349,000 (-0.3%) | $658,896 (0.6%) | 1.17 | 1,756 |
| 2018-10-01 | $344,950 (-1.4%) | $660,423 (3.0%) | 1.17 | 1,711 |
| 2018-11-01 | $349,925 (0.0%) | $676,375 (4.6%) | 1.19 | 1,585 |
| 2018-12-01 | $349,000 (-0.1%) | $681,681 (7.7%) | 1.20 | 1,477 |
| 2019-01-01 | $349,900 (0.0%) | $701,843 (9.4%) | 1.21 | 1,343 |
| 2019-02-01 | $353,475 (-0.6%) | $708,797 (8.5%) | 1.19 | 1,316 |
| 2019-03-01 | $367,979 (2.8%) | $716,780 (12.3%) | 1.20 | 1,321 |
| 2019-04-01 | $377,337 (5.1%) | $707,597 (10.6%) | 1.20 | 1,333 |
| 2019-05-01 | $369,000 (5.5%) | $690,491 (8.6%) | 1.15 | 1,456 |
| 2019-06-01 | $369,000 (5.4%) | $677,903 (5.0%) | 1.15 | 1,584 |
| 2019-07-01 | $369,000 (5.4%) | $667,364 (2.5%) | 1.16 | 1,614 |
| 2019-08-01 | $369,245 (4.0%) | $663,852 (1.2%) | 1.17 | 1,597 |
| 2019-09-01 | $369,614 (5.9%) | $658,361 (-0.1%) | 1.18 | 1,587 |
| 2019-10-01 | $372,450 (8.0%) | $657,653 (-0.4%) | 1.20 | 1,575 |
| 2019-11-01 | $387,250 (10.7%) | $677,440 (0.2%) | 1.27 | 1,428 |
| 2019-12-01 | $388,575 (11.3%) | $695,742 (2.1%) | 1.30 | 1,268 |
| 2020-01-01 | $395,000 (12.9%) | $706,736 (0.7%) | 1.32 | 1,155 |
| 2020-02-01 | $395,000 (11.8%) | $704,170 (-0.7%) | 1.29 | 1,103 |
| 2020-03-01 | $399,000 (8.4%) | $713,373 (-0.5%) | 1.25 | 1,064 |
| 2020-04-01 | $398,950 (5.7%) | $720,458 (1.8%) | 1.25 | 1,002 |
| 2020-05-01 | $395,000 (7.1%) | $694,918 (0.6%) | 1.20 | 914 |
| 2020-06-01 | $416,200 (12.8%) | $789,814 (16.5%) | 1.23 | 864 |
| 2020-07-01 | $444,900 (20.6%) | $825,605 (23.7%) | 1.29 | 875 |
| 2020-08-01 | $439,900 (19.1%) | $814,214 (22.7%) | 1.26 | 870 |
| 2020-09-01 | $466,200 (26.1%) | $823,199 (25.0%) | 1.34 | 878 |
| 2020-10-01 | $479,000 (28.6%) | $848,641 (29.0%) | 1.37 | 880 |
| 2020-11-01 | $487,450 (25.9%) | $888,957 (31.2%) | 1.43 | 752 |
| 2020-12-01 | $499,450 (28.5%) | $922,267 (32.6%) | 1.49 | 656 |
| 2021-01-01 | $509,900 (29.1%) | $1,071,864 (51.7%) | 1.52 | 562 |
| 2021-02-01 | $529,000 (33.9%) | $1,122,294 (59.4%) | 1.54 | 472 |
| 2021-03-01 | $541,450 (35.7%) | $1,183,788 (65.9%) | 1.54 | 454 |
| 2021-04-01 | $539,950 (35.3%) | $1,119,098 (55.3%) | 1.46 | 471 |
| 2021-05-01 | $548,000 (38.7%) | $1,139,519 (64.0%) | 1.46 | 504 |
| 2021-06-01 | $527,000 (26.6%) | $1,096,759 (38.9%) | 1.39 | 573 |
| 2021-07-01 | $499,900 (12.4%) | $1,041,410 (26.1%) | 1.32 | 673 |
| 2021-08-01 | $499,000 (13.4%) | $1,008,902 (23.9%) | 1.33 | 687 |
| 2021-09-01 | $499,900 (7.2%) | $1,011,388 (22.9%) | 1.33 | 655 |
| 2021-10-01 | $489,900 (2.3%) | $1,000,387 (17.9%) | 1.31 | 633 |
| 2021-11-01 | $494,450 (1.4%) | $1,045,673 (17.6%) | 1.32 | 542 |
| 2021-12-01 | $502,400 (0.6%) | $1,066,235 (15.6%) | 1.36 | 462 |
| 2022-01-01 | $529,450 (3.8%) | $1,218,183 (13.7%) | 1.43 | 389 |
| 2022-02-01 | $559,500 (5.8%) | $1,280,928 (14.1%) | 1.46 | 329 |
| 2022-03-01 | $547,450 (1.1%) | $1,213,733 (2.5%) | 1.37 | 328 |
| 2022-04-01 | $549,000 (1.7%) | $1,185,915 (6.0%) | 1.31 | 347 |
| 2022-05-01 | $539,788 (-1.5%) | $1,164,542 (2.2%) | 1.23 | 428 |
| 2022-06-01 | $549,900 (4.4%) | $1,149,266 (4.8%) | 1.22 | 491 |
| 2022-07-01 | $539,900 (8.0%) | $1,085,630 (4.3%) | 1.22 | 523 |
| 2022-08-01 | $554,675 (11.2%) | $1,137,378 (12.7%) | 1.28 | 527 |
| 2022-09-01 | $553,450 (10.7%) | $1,154,949 (14.2%) | 1.29 | 496 |
| 2022-10-01 | $545,000 (11.3%) | $1,124,370 (12.4%) | 1.28 | 480 |
| 2022-11-01 | $527,000 (6.6%) | $1,145,727 (9.6%) | 1.27 | 434 |
| 2022-12-01 | $549,999 (9.5%) | $1,178,516 (10.5%) | 1.36 | 387 |
| 2023-01-01 | $566,000 (6.9%) | $1,237,991 (1.6%) | 1.40 | 325 |
| 2023-02-01 | $598,500 (7.0%) | $1,255,107 (-2.0%) | 1.44 | 293 |
| 2023-03-01 | $642,425 (17.4%) | $1,305,840 (7.6%) | 1.52 | 298 |
| 2023-04-01 | $675,000 (23.0%) | $1,336,434 (12.7%) | 1.57 | 308 |
| 2023-05-01 | $687,000 (27.3%) | $1,366,496 (17.3%) | 1.56 | 339 |
| 2023-06-01 | $656,250 (19.3%) | $1,250,193 (8.8%) | 1.47 | 365 |
| 2023-07-01 | $689,900 (27.8%) | $1,176,739 (8.4%) | 1.57 | 371 |
| 2023-08-01 | $634,925 (14.5%) | $1,107,221 (-2.7%) | 1.46 | 368 |
| 2023-09-01 | $619,999 (12.0%) | $1,088,865 (-5.7%) | 1.44 | 398 |
| 2023-10-01 | $649,950 (19.3%) | $1,086,473 (-3.4%) | 1.53 | 423 |
| 2023-11-01 | $649,950 (23.3%) | $1,058,302 (-7.6%) | 1.55 | 411 |
| 2023-12-01 | $629,500 (14.5%) | $1,033,071 (-12.3%) | 1.54 | 368 |
| 2024-01-01 | $617,125 (9.0%) | $1,013,449 (-18.1%) | 1.51 | 302 |
| 2024-02-01 | $599,975 (0.3%) | $962,782 (-23.3%) | 1.44 | 284 |
| 2024-03-01 | $599,900 (-6.6%) | $1,024,594 (-21.5%) | 1.41 | 280 |
Torrington's median listing price for 2024-03-01 was $599,900, a difference of
$-42,525
(-6.6%) versus the prior year and
$-75 versus the prior month.
Torrington's median listing price comes in at 141% of the national average.
Torrington's average listing price for 2024-03-01 was $1,024,594, a difference of $-281,246 (-21.5%) versus the prior year and $61,812 versus the prior month.
For the 2024-03-01 period, Torrington had 280 MLS listings, a difference of -4 listings (-1%) versus the prior month and -18 listings (-6%) versus the prior year.
Torrington's median listing price comes in at 141% of the national average.
Torrington's average listing price for 2024-03-01 was $1,024,594, a difference of $-281,246 (-21.5%) versus the prior year and $61,812 versus the prior month.
For the 2024-03-01 period, Torrington had 280 MLS listings, a difference of -4 listings (-1%) versus the prior month and -18 listings (-6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Torrington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 119 days | 2,080 sqft |
| 2018-02-01 | 128 days | 2,114 sqft |
| 2018-03-01 | 109 days | 2,116 sqft |
| 2018-04-01 | 70 days | 2,132 sqft |
| 2018-05-01 | 65 days | 2,105 sqft |
| 2018-06-01 | 68 days | 2,116 sqft |
| 2018-07-01 | 75 days | 2,134 sqft |
| 2018-08-01 | 86 days | 2,127 sqft |
| 2018-09-01 | 92 days | 2,089 sqft |
| 2018-10-01 | 98 days | 2,055 sqft |
| 2018-11-01 | 102 days | 2,058 sqft |
| 2018-12-01 | 108 days | 2,036 sqft |
| 2019-01-01 | 120 days | 2,030 sqft |
| 2019-02-01 | 124 days | 2,050 sqft |
| 2019-03-01 | 104 days | 2,102 sqft |
| 2019-04-01 | 76 days | 2,133 sqft |
| 2019-05-01 | 65 days | 2,218 sqft |
| 2019-06-01 | 66 days | 2,284 sqft |
| 2019-07-01 | 74 days | 2,268 sqft |
| 2019-08-01 | 80 days | 2,287 sqft |
| 2019-09-01 | 85 days | 2,292 sqft |
| 2019-10-01 | 90 days | 2,294 sqft |
| 2019-11-01 | 101 days | 2,282 sqft |
| 2019-12-01 | 116 days | 2,256 sqft |
| 2020-01-01 | 126 days | 2,275 sqft |
| 2020-02-01 | 128 days | 2,282 sqft |
| 2020-03-01 | 109 days | 2,305 sqft |
| 2020-04-01 | 91 days | 2,301 sqft |
| 2020-05-01 | 86 days | 2,277 sqft |
| 2020-06-01 | 68 days | 2,374 sqft |
| 2020-07-01 | 49 days | 2,422 sqft |
| 2020-08-01 | 51 days | 2,400 sqft |
| 2020-09-01 | 51 days | 2,439 sqft |
| 2020-10-01 | 50 days | 2,424 sqft |
| 2020-11-01 | 64 days | 2,461 sqft |
| 2020-12-01 | 83 days | 2,471 sqft |
| 2021-01-01 | 100 days | 2,468 sqft |
| 2021-02-01 | 114 days | 2,444 sqft |
| 2021-03-01 | 97 days | 2,426 sqft |
| 2021-04-01 | 46 days | 2,409 sqft |
| 2021-05-01 | 41 days | 2,400 sqft |
| 2021-06-01 | 40 days | 2,329 sqft |
| 2021-07-01 | 43 days | 2,233 sqft |
| 2021-08-01 | 46 days | 2,116 sqft |
| 2021-09-01 | 57 days | 2,129 sqft |
| 2021-10-01 | 67 days | 2,120 sqft |
| 2021-11-01 | 74 days | 2,136 sqft |
| 2021-12-01 | 78 days | 2,144 sqft |
| 2022-01-01 | 88 days | 2,249 sqft |
| 2022-02-01 | 89 days | 2,276 sqft |
| 2022-03-01 | 48 days | 2,218 sqft |
| 2022-04-01 | 38 days | 2,150 sqft |
| 2022-05-01 | 30 days | 2,114 sqft |
| 2022-06-01 | 32 days | 2,222 sqft |
| 2022-07-01 | 38 days | 2,175 sqft |
| 2022-08-01 | 45 days | 2,361 sqft |
| 2022-09-01 | 54 days | 2,330 sqft |
| 2022-10-01 | 64 days | 2,268 sqft |
| 2022-11-01 | 70 days | 2,295 sqft |
| 2022-12-01 | 82 days | 2,322 sqft |
| 2023-01-01 | 93 days | 2,319 sqft |
| 2023-02-01 | 97 days | 2,466 sqft |
| 2023-03-01 | 56 days | 2,469 sqft |
| 2023-04-01 | 51 days | 2,466 sqft |
| 2023-05-01 | 38 days | 2,452 sqft |
| 2023-06-01 | 34 days | 2,347 sqft |
| 2023-07-01 | 45 days | 2,306 sqft |
| 2023-08-01 | 51 days | 2,252 sqft |
| 2023-09-01 | 50 days | 2,300 sqft |
| 2023-10-01 | 48 days | 2,410 sqft |
| 2023-11-01 | 60 days | 2,439 sqft |
| 2023-12-01 | 72 days | 2,337 sqft |
| 2024-01-01 | 81 days | 2,291 sqft |
| 2024-02-01 | 73 days | 2,262 sqft |
| 2024-03-01 | 55 days | 2,182 sqft |
Torrington's median listing age (time on market) for 2024-03-01 was 55 days.
This
is -2%
shorter
than the same period one year ago.
Torrington's median square footage for active listings during the 2024-03-01 period was 2,182 sqft. One year prior, the average listing was 2,469 sqft.
Torrington's median square footage for active listings during the 2024-03-01 period was 2,182 sqft. One year prior, the average listing was 2,469 sqft.
Torrington, CT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,126 | $612,100,000 | $287,912 |
| Other | 488 | $65,350,000 | $133,914 |
| Home Improvement | 409 | $51,565,000 | $126,076 |
| Cash Out Refi | 402 | $90,980,000 | $226,318 |
| Refi | 382 | $68,930,000 | $180,445 |
Torrington's most frequently cited loan purpose was Home Purchase, with 2,126 originations. The 2nd most popular reason was Other, with 488 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,279 | $345,525,000 | $270,152 |
| 7-8% | 723 | $166,515,000 | $230,311 |
| 5-6% | 699 | $183,875,000 | $263,054 |
| Over 8% | 508 | $91,850,000 | $180,807 |
| <2.5% | 243 | $6,705,000 | $27,593 |
| 4-5% | 212 | $69,230,000 | $326,557 |
| 3-4% | 36 | $2,730,000 | $75,833 |
| 2.5-3% | 7 | $1,515,000 | $216,429 |
During 2023, Torrington's most frequently originated rate bucket was 6-7%, with 1,279 originations.
Loan Sizing (Torrington, CT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,328 | $367,180,000 | $276,491 |
| $100,000 or less | 1,071 | $49,925,000 | $46,615 |
| $100k-200k | 923 | $135,145,000 | $146,419 |
| $400k-600k | 315 | $149,105,000 | $473,349 |
| $600k-1000k | 110 | $79,430,000 | $722,091 |
| $Over $1MM | 60 | $108,140,000 | $1,802,333 |
Torrington's loan sizing saw the bucket of loans from $200k-400k with 1,328 originations, totaling $367,180,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,171 | $356,225,000 | $304,206 |
| Under 20% | 866 | $52,160,000 | $60,231 |
| 60-80% | 790 | $291,240,000 | $368,658 |
| 20-40% | 526 | $76,340,000 | $145,133 |
| 40-60% | 342 | $87,380,000 | $255,497 |
| Over 100% | 13 | $4,295,000 | $330,385 |
Torrington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,171 originations, totaling $356,225,000 in origination value.