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
6.9%
for the week of 2023-12-07, compared to the national average of
7.03% for the same period.
The average rate for the prior week (2023-11-30) was
6.89% and
one month ago for the week of 2023-11-02, the
average rate was 7.43%.
Torrington's average rate one year ago was 6.36%.
For refis of the same type during the week of 2023-12-07, the average rate
was 6.13%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-12-07 | 7.03% |
| Torrington 30 Year Fixed Rate | 2023-12-07 | 6.9% |
| Torrington 30 Year Fixed Rate Refi | 2023-12-07 | 6.13% |
| Torrington 15 Year Fixed Rate | 2023-12-07 | 5.63% |
| Torrington 15 Year Fixed Rate Refi | 2023-12-07 | 5.37% |
| Torrington 30 Year FHA | 2023-12-07 | 6.17% |
| Torrington 30 Year FHA Refi | 2023-12-07 | 6.62% |
| Torrington 30 Year USDA | 2023-12-07 | 6.92% |
| Torrington 30 Year USDA Refi | 2023-12-07 | 6.92% |
| Torrington 30 Year VA | 2023-12-07 | 6.13% |
| Torrington 30 Year VA Refi | 2023-12-07 | 6.64% |
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 183 lenders originated 5,225
loans during 2022. The total origination value was $1,429,365,000, with an average loan value of
$273,563.
Torrington's average closing costs are $5,524.
The top Torrington lender as defined by loan originations is QUICKEN LOANS, LLC, with
178 loans originated. Their average total fees are
$7,152, which is $750
higher than the next largest lender,
TOTAL MORTGAGE SERVICES, LLC.
The lowest fee Torrington lenders (with over 10 loans originated) are
Liberty Bank ($3,201), The Torrington Savings Bank ($3,383), Thomaston Savings Bank ($3,412), MUTUAL SECURITY CREDIT UNION ($3,718) and Union Savings Bank ($3,931).
The lowest rate Torrington lenders (with over 10 loans originated) are
First Republic Bank (3.16%), Citibank (3.40%), Morgan Stanley Private Bank (3.48%), Bank of America (3.72%) and U.S. Bank (3.98%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $181,775,000 | $71,200,000 | -60.8% | 5.0% |
| Webster Bank | $86,695,000 | $61,525,000 | -29.0% | 4.3% |
| TOTAL MORTGAGE SERVICES, LLC | $92,140,000 | $59,320,000 | -35.6% | 4.2% |
| Bank of America | $61,000,000 | $55,055,000 | -9.7% | 3.9% |
| Thomaston Savings Bank | $79,230,000 | $53,365,000 | -32.6% | 3.7% |
| Salisbury Bank and Trust Company | $63,310,000 | $49,310,000 | -22.1% | 3.4% |
| JPMorgan Chase Bank | $91,340,000 | $47,250,000 | -48.3% | 3.3% |
| Wells Fargo Bank | $77,555,000 | $45,375,000 | -41.5% | 3.2% |
| The Torrington Savings Bank | $64,290,000 | $41,665,000 | -35.2% | 2.9% |
| Northwest Community Bank | $51,720,000 | $39,025,000 | -24.5% | 2.7% |
| Union Savings Bank | $545,000 | $36,795,000 | 6,651.4% | 2.6% |
| Newtown Savings Bank | $36,635,000 | $32,420,000 | -11.5% | 2.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $36,730,000 | $31,900,000 | -13.2% | 2.2% |
| LOANDEPOT.COM, LLC | $63,045,000 | $31,700,000 | -49.7% | 2.2% |
| Citizens Bank | $56,145,000 | $31,190,000 | -44.4% | 2.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $31,530,000 | $30,195,000 | -4.2% | 2.1% |
| Citibank | $53,795,000 | $28,990,000 | -46.1% | 2.0% |
| FIRST WORLD MORTGAGE CORPORATION | $41,135,000 | $27,840,000 | -32.3% | 1.9% |
| NORWICH COMMERCIAL GROUP, INC. | $54,920,000 | $25,615,000 | -53.4% | 1.8% |
| Berkshire Bank | $175,000 | $24,100,000 | 13,671.4% | 1.7% |
| GUARANTEED RATE, INC. | $55,650,000 | $22,210,000 | -60.1% | 1.6% |
| U.S. Bank | $28,490,000 | $21,495,000 | -24.6% | 1.5% |
| GUARANTEED RATE AFFINITY, LLC | $31,800,000 | $18,195,000 | -42.8% | 1.3% |
| First Republic Bank | $21,495,000 | $17,460,000 | -18.8% | 1.2% |
| HOME POINT FINANCIAL CORPORATION | $27,425,000 | $15,855,000 | -42.2% | 1.1% |
| Mortgage Research Center, LLC | $18,485,000 | $15,295,000 | -17.3% | 1.1% |
| Morgan Stanley Private Bank | $12,485,000 | $14,590,000 | 16.9% | 1.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,795,000 | $14,585,000 | 23.7% | 1.0% |
| M&T Bank | $6,965,000 | $13,085,000 | 87.9% | 0.9% |
| TD Bank | $21,160,000 | $12,910,000 | -39.0% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $25,955,000 | $11,395,000 | -56.1% | 0.8% |
| Prosperity Home Mortgage, LLC | $10,860,000 | $11,210,000 | 3.2% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $28,795,000 | $10,965,000 | -61.9% | 0.8% |
| UBS Bank USA | $9,915,000 | $10,885,000 | 9.8% | 0.8% |
| Flagstar Bank, FSB | $20,305,000 | $10,645,000 | -47.6% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $8,010,000 | $10,210,000 | 27.5% | 0.7% |
| CALIBER HOME LOANS, INC. | $14,760,000 | $9,440,000 | -36.0% | 0.7% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $11,785,000 | $8,760,000 | -25.7% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $43,335,000 | $7,830,000 | -81.9% | 0.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $10,440,000 | $7,585,000 | -27.3% | 0.5% |
| MOVEMENT MORTGAGE, LLC | $12,145,000 | $7,515,000 | -38.1% | 0.5% |
| NEWREZ LLC | $38,625,000 | $6,680,000 | -82.7% | 0.5% |
| Savings Bank of Danbury | $10,955,000 | $6,670,000 | -39.1% | 0.5% |
| WILLIAM RAVEIS MORTGAGE, LLC | $15,255,000 | $6,645,000 | -56.4% | 0.5% |
| Liberty Bank | $10,000,000 | $6,285,000 | -37.2% | 0.4% |
| Carrington Mortgage Services, LLC | $10,160,000 | $6,145,000 | -39.5% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $13,290,000 | $6,025,000 | -54.7% | 0.4% |
| MUTUAL SECURITY CREDIT UNION | $3,480,000 | $5,915,000 | 70.0% | 0.4% |
| WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION | $6,785,000 | $5,835,000 | -14.0% | 0.4% |
| First Horizon Bank | $5,780,000 | n/a | 0.4% | |
| GuardHill Financial Corp. | $1,705,000 | $5,635,000 | 230.5% | 0.4% |
| Ion Bank | $10,695,000 | $5,585,000 | -47.8% | 0.4% |
| City National Bank | $11,905,000 | $5,325,000 | -55.3% | 0.4% |
| Evolve Bank & Trust | $13,925,000 | $5,195,000 | -62.7% | 0.4% |
| HOMESTEAD FUNDING CORP. | $7,530,000 | $4,960,000 | -34.1% | 0.3% |
| Goldman Sachs Bank USA | $2,515,000 | $4,675,000 | 85.9% | 0.3% |
| FINANCE OF AMERICA MORTGAGE LLC | $4,455,000 | $4,570,000 | 2.6% | 0.3% |
| SIKORSKY FINANCIAL | $4,685,000 | $4,525,000 | -3.4% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,925,000 | $4,395,000 | -10.8% | 0.3% |
| BAY EQUITY LLC | $6,805,000 | $4,300,000 | -36.8% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $1,120,000 | $4,040,000 | 260.7% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $6,210,000 | $3,955,000 | -36.3% | 0.3% |
| PNC Bank | $8,385,000 | $3,610,000 | -56.9% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $4,725,000 | $3,550,000 | -24.9% | 0.2% |
| Stifel Bank and Trust | $7,760,000 | $3,530,000 | -54.5% | 0.2% |
| Northfield Bank | $3,435,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $6,780,000 | $3,265,000 | -51.8% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $6,475,000 | $3,225,000 | -50.2% | 0.2% |
| CONNECTICUT STATE EMPLOYEES | $3,340,000 | $3,170,000 | -5.1% | 0.2% |
| Leader Bank | $6,005,000 | $3,170,000 | -47.2% | 0.2% |
| REVERSE MORTGAGE FUNDING LLC | $3,145,000 | n/a | 0.2% | |
| PRYSMA LENDING GROUP, LLC | $3,970,000 | $2,970,000 | -25.2% | 0.2% |
| GUILD MORTGAGE COMPANY | $145,000 | $2,960,000 | 1,941.4% | 0.2% |
| MEMBERS MORTGAGE COMPANY, INC. | $2,980,000 | $2,955,000 | -0.8% | 0.2% |
| BROKER SOLUTIONS, INC. | $7,060,000 | $2,915,000 | -58.7% | 0.2% |
| People's United Bank | $24,790,000 | $2,900,000 | -88.3% | 0.2% |
| Fieldpoint Private Bank & Trust | $2,865,000 | n/a | 0.2% | |
| FINANCE OF AMERICA REVERSE LLC | $2,780,000 | n/a | 0.2% | |
| NBKC BANK | $3,035,000 | $2,735,000 | -9.9% | 0.2% |
| Northpointe Bank | $1,375,000 | $2,695,000 | 96.0% | 0.2% |
| RF Renovo Management Company, LLC | $2,690,000 | n/a | 0.2% | |
| Fairfield County Bank | $4,500,000 | $2,680,000 | -40.4% | 0.2% |
| KeyBank | $6,495,000 | $2,660,000 | -59.0% | 0.2% |
| AMERICAN EAGLE FINANCIAL CREDIT UNION | $2,645,000 | $2,655,000 | 0.4% | 0.2% |
| ENVOY MORTGAGE, LTD | $4,715,000 | $2,655,000 | -43.7% | 0.2% |
| BETTER MORTGAGE CORPORATION | $32,645,000 | $2,615,000 | -92.0% | 0.2% |
| USAlliance Federal Credit Union | $655,000 | $2,595,000 | 296.2% | 0.2% |
| EQUITY RESOURCES, INC. | $4,215,000 | $2,590,000 | -38.6% | 0.2% |
| Charles Schwab Bank, SSB | $11,100,000 | $2,585,000 | -76.7% | 0.2% |
| USAA Federal Savings Bank | $3,905,000 | $2,480,000 | -36.5% | 0.2% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $2,980,000 | $2,445,000 | -18.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $8,655,000 | $2,375,000 | -72.6% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,170,000 | $2,220,000 | 2.3% | 0.2% |
| MORTGAGE MARKETS CUSO, LLC | $3,515,000 | $2,185,000 | -37.8% | 0.2% |
| PHH Mortgage Corporation | $1,970,000 | $2,180,000 | 10.7% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,875,000 | $2,125,000 | -26.1% | 0.1% |
| ARC HOME LLC | $2,390,000 | $2,065,000 | -13.6% | 0.1% |
| Ally Bank | $1,905,000 | $1,990,000 | 4.5% | 0.1% |
| ZILLOW HOME LOANS, LLC | $2,990,000 | $1,925,000 | -35.6% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $4,430,000 | $1,915,000 | -56.8% | 0.1% |
| Mortgage Network, Inc. | $1,215,000 | $1,870,000 | 53.9% | 0.1% |
| ConnectOne Bank | $725,000 | $1,850,000 | 155.2% | 0.1% |
| Bethpage Federal Credit Union | $255,000 | $1,830,000 | 617.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,640,000 | $1,730,000 | 5.5% | 0.1% |
| WASHINGTON TRUST MORTGAGE COMPANY LLC | $570,000 | $1,730,000 | 203.5% | 0.1% |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $2,680,000 | $1,680,000 | -37.3% | 0.1% |
| EMBRACE HOME LOANS, INC. | $3,265,000 | $1,660,000 | -49.2% | 0.1% |
| First County Bank | $1,100,000 | $1,600,000 | 45.5% | 0.1% |
| HUDSON VALLEY CREDIT UNION | $1,545,000 | $1,580,000 | 2.3% | 0.1% |
| BNC National Bank | $1,125,000 | $1,525,000 | 35.6% | 0.1% |
| BNY Mellon | $2,210,000 | $1,505,000 | -31.9% | 0.1% |
| Independent Bank | $1,505,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $1,495,000 | n/a | 0.1% | |
| Lee Bank | $1,405,000 | n/a | 0.1% | |
| The Pittsfield Co-operative Bank | $1,850,000 | $1,390,000 | -24.9% | 0.1% |
| A&D Mortgage LLC | $195,000 | $1,340,000 | 587.2% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $1,055,000 | $1,330,000 | 26.1% | 0.1% |
| Magnolia Bank | $5,165,000 | $1,305,000 | -74.7% | 0.1% |
| The Northern Trust Company | $1,105,000 | $1,305,000 | 18.1% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $1,385,000 | $1,280,000 | -7.6% | 0.1% |
| Farm Credit East, ACA | $1,160,000 | $1,275,000 | 9.9% | 0.1% |
| The Federal Savings Bank | $4,320,000 | $1,265,000 | -70.7% | 0.1% |
| First Home Bank | $685,000 | $1,260,000 | 83.9% | 0.1% |
| Discover Bank | $1,225,000 | $1,235,000 | 0.8% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $2,110,000 | $1,220,000 | -42.2% | 0.1% |
| NUTMEG STATE FINANCIAL | $4,335,000 | $1,200,000 | -72.3% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $1,790,000 | $1,185,000 | -33.8% | 0.1% |
| PLANET HOME LENDING, LLC | $155,000 | $1,180,000 | 661.3% | 0.1% |
| First National Bank of America | $775,000 | $1,170,000 | 51.0% | 0.1% |
| Windosr Federal Savings & Loan Association | $675,000 | $1,170,000 | 73.3% | 0.1% |
| UNITED MORTGAGE CORP. | $2,280,000 | $1,155,000 | -49.3% | 0.1% |
| SOFI LENDING CORP. | $2,150,000 | $1,150,000 | -46.5% | 0.1% |
| Jewett City Savings Bank | $240,000 | $1,145,000 | 377.1% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,880,000 | $1,145,000 | -39.1% | 0.1% |
| LIMA ONE CAPITAL, LLC | $625,000 | $1,120,000 | 79.2% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $165,000 | $1,110,000 | 572.7% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $185,000 | $1,060,000 | 473.0% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $195,000 | $1,055,000 | 441.0% | 0.1% |
| Chelsea Groton Bank | $360,000 | $1,030,000 | 186.1% | 0.1% |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $655,000 | $1,030,000 | 57.3% | 0.1% |
| CMG MORTGAGE, INC. | $2,930,000 | $1,025,000 | -65.0% | 0.1% |
| AMERICHOICE | $1,015,000 | n/a | 0.1% | |
| First Guaranty Mortgage Corporation | $2,575,000 | $1,010,000 | -60.8% | 0.1% |
| Quontic Bank | $1,335,000 | $1,010,000 | -24.3% | 0.1% |
| KINECTA | $1,005,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $300,000 | $965,000 | 221.7% | 0.1% |
| Silicon Valley Bank | $825,000 | $945,000 | 14.5% | 0.1% |
| Mortgage Bank of California | $745,000 | $940,000 | 26.2% | 0.1% |
| NJ LENDERS CORP. | $1,080,000 | $935,000 | -13.4% | 0.1% |
| AMERICAN ADVISORS GROUP | $430,000 | $920,000 | 114.0% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $1,830,000 | $850,000 | -53.6% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,915,000 | $825,000 | -78.9% | 0.1% |
| The Washington Trust Company, of Westerly | $590,000 | $805,000 | 36.4% | 0.1% |
| Monson Savings Bank | $790,000 | n/a | 0.1% | |
| Figure Lending LLC | $705,000 | $785,000 | 11.3% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $355,000 | $780,000 | 119.7% | 0.1% |
| NORTHPOINT MORTGAGE, INC. | $770,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $825,000 | $745,000 | -9.7% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,920,000 | $730,000 | -62.0% | 0.1% |
| AmRes Corporation | $905,000 | $700,000 | -22.7% | 0.0% |
| HANSCOM | $205,000 | $680,000 | 231.7% | 0.0% |
| First Bank | $675,000 | n/a | 0.0% | |
| East Coast Capital Corp. | $670,000 | n/a | 0.0% | |
| TEACHERS | $665,000 | n/a | 0.0% | |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $1,125,000 | $660,000 | -41.3% | 0.0% |
| BAYCOAST MORTGAGE COMPANY, LLC | $1,460,000 | $655,000 | -55.1% | 0.0% |
| Equity Prime Mortgage LLC | $740,000 | $650,000 | -12.2% | 0.0% |
| Watermark Capital, Inc. | $1,415,000 | $650,000 | -54.1% | 0.0% |
| Dime Bank | $545,000 | $625,000 | 14.7% | 0.0% |
| First Savings Bank | $245,000 | $620,000 | 153.1% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $2,695,000 | $615,000 | -77.2% | 0.0% |
| ASSOCIATED MORTGAGE BANKERS, INC. | $610,000 | n/a | 0.0% | |
| INLAND BANK & TRUST | $610,000 | n/a | 0.0% | |
| Cross River Bank | $605,000 | n/a | 0.0% | |
| Quad City Bank and Trust Company | $605,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $595,000 | $605,000 | 1.7% | 0.0% |
| Metro City Bank | $360,000 | $595,000 | 65.3% | 0.0% |
| SILVER HILL FUNDING, LLC | $500,000 | $585,000 | 17.0% | 0.0% |
| NFM, INC. | $390,000 | $580,000 | 48.7% | 0.0% |
| CLIFFCO, INC. | $105,000 | $555,000 | 428.6% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $250,000 | $550,000 | 120.0% | 0.0% |
| ATHAS CAPITAL GROUP, INC. | $260,000 | $545,000 | 109.6% | 0.0% |
| Raymond James Bank | $1,485,000 | $545,000 | -63.3% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $2,650,000 | $525,000 | -80.2% | 0.0% |
| FirstBank | $1,075,000 | $525,000 | -51.2% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $3,750,000 | $500,000 | -86.7% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $2,630,000 | $500,000 | -81.0% | 0.0% |
| EASTERN CONNECTICUT SAVINGS BANK | $970,000 | $500,000 | -48.5% | 0.0% |
| LENDSURE MORTGAGE CORP. | $785,000 | $495,000 | -36.9% | 0.0% |
| CONTINENTAL MORTGAGE BANKERS, INC. | $490,000 | n/a | 0.0% | |
| Westfield Bank | $735,000 | $490,000 | -33.3% | 0.0% |
| The Central Trust Bank | $405,000 | $475,000 | 17.3% | 0.0% |
| DEPARTMENT OF COMMERCE | $465,000 | n/a | 0.0% | |
| MID-ISLAND MORTGAGE CORP. | $465,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $465,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $455,000 | n/a | 0.0% | |
| Florida Capital Bank | $445,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $435,000 | $425,000 | -2.3% | 0.0% |
| Guilford Savings Bank The | $370,000 | $425,000 | 14.9% | 0.0% |
| SIRVA MORTGAGE, INC. | $215,000 | $425,000 | 97.7% | 0.0% |
| Valley National Bank | $3,270,000 | $415,000 | -87.3% | 0.0% |
| Lakeview Community Capital, LLC | $1,625,000 | $410,000 | -74.8% | 0.0% |
| BNB Bank | $635,000 | $405,000 | -36.2% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $2,750,000 | $405,000 | -85.3% | 0.0% |
| N R L Federal Credit Union | $405,000 | n/a | 0.0% | |
| The Milford Bank | $405,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $400,000 | n/a | 0.0% | |
| Bell Bank | $395,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $395,000 | n/a | 0.0% | |
| GREYLOCK | $265,000 | $390,000 | 47.2% | 0.0% |
| PREMIA MORTGAGE, LLC | $385,000 | $385,000 | 0.0% | 0.0% |
| EMM LOANS LLC | $400,000 | $370,000 | -7.5% | 0.0% |
| The Dutch Point Credit Union, Inc. | $125,000 | $360,000 | 188.0% | 0.0% |
| FM Home Loans, LLC | $1,925,000 | $345,000 | -82.1% | 0.0% |
| BEST CAPITAL FUNDING | $335,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $115,000 | $325,000 | 182.6% | 0.0% |
| Strong Home Mortgage, LLC | $730,000 | $325,000 | -55.5% | 0.0% |
| UNITED | $325,000 | n/a | 0.0% | |
| Luxury Mortgage Corp. | $1,260,000 | $315,000 | -75.0% | 0.0% |
| DAS Acquisition Company, LLC | $305,000 | n/a | 0.0% | |
| Navigant Credit Union | $165,000 | $305,000 | 84.8% | 0.0% |
| Hartford Federal Credit Union | $855,000 | $285,000 | -66.7% | 0.0% |
| Tompkins Trust Company | $275,000 | n/a | 0.0% | |
| MASSMUTUAL | $270,000 | n/a | 0.0% | |
| JET DIRECT FUNDING CORP | $205,000 | $265,000 | 29.3% | 0.0% |
| RADIUS FINANCIAL GROUP INC. | $270,000 | $265,000 | -1.9% | 0.0% |
| Capital Bank | $485,000 | $255,000 | -47.4% | 0.0% |
| TOWER | $250,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $245,000 | n/a | 0.0% | |
| Charter Oak Federal Credit Union | $1,565,000 | $245,000 | -84.3% | 0.0% |
| Santander Bank, N.A. | $1,600,000 | $245,000 | -84.7% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $240,000 | n/a | 0.0% | |
| BECKAM FUNDING CORP. | $235,000 | n/a | 0.0% | |
| PCSB Bank | $575,000 | $235,000 | -59.1% | 0.0% |
| The Huntington National Bank | $235,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $235,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $335,000 | $225,000 | -32.8% | 0.0% |
| First Federal Bank | $2,865,000 | $215,000 | -92.5% | 0.0% |
| R M K FINANCIAL CORP. | $215,000 | n/a | 0.0% | |
| Service Federal Credit Union | $215,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $215,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $1,370,000 | $210,000 | -84.7% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $205,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $205,000 | n/a | 0.0% | |
| Sanborn Mortgage Corporation | $890,000 | $205,000 | -77.0% | 0.0% |
| GSF Mortgage Corporation | $195,000 | n/a | 0.0% | |
| Plains Commerce Bank | $205,000 | $195,000 | -4.9% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $595,000 | $185,000 | -68.9% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,475,000 | $185,000 | -87.5% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $880,000 | $185,000 | -79.0% | 0.0% |
| Servion, Inc. | $325,000 | $185,000 | -43.1% | 0.0% |
| Deere Employees Credit Union | $75,000 | $180,000 | 140.0% | 0.0% |
| The People's Credit Union | $180,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $820,000 | $175,000 | -78.7% | 0.0% |
| OCMBC, INC. | $270,000 | $175,000 | -35.2% | 0.0% |
| POLISH & SLAVIC FEDERAL CREDIT UNION | $265,000 | $175,000 | -34.0% | 0.0% |
| 360 Federal Credit Union | $395,000 | $170,000 | -57.0% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $225,000 | $165,000 | -26.7% | 0.0% |
| PeoplesBank | $160,000 | n/a | 0.0% | |
| Arvest Bank | $155,000 | n/a | 0.0% | |
| FINEX CREDIT UNION | $155,000 | $155,000 | 0.0% | 0.0% |
| Hometown Equity Mortgage, LLC | $1,220,000 | $155,000 | -87.3% | 0.0% |
| Nations Lending Corporation | $2,625,000 | $155,000 | -94.1% | 0.0% |
| DREW MORTGAGE ASSOCIATES, INC. | $135,000 | n/a | 0.0% | |
| FAY SERVICING, LLC | $135,000 | n/a | 0.0% | |
| SIWELL, INC. | $225,000 | $135,000 | -40.0% | 0.0% |
| ACHIEVE FINANCIAL | $125,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $1,365,000 | $125,000 | -90.8% | 0.0% |
| CONNEX CREDIT UNION | $45,000 | $125,000 | 177.8% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $115,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $115,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $925,000 | $110,000 | -88.1% | 0.0% |
| Chicago Mortgage Solutions LLC | $1,700,000 | $85,000 | -95.0% | 0.0% |
| COMTRUST Federal Credit Union | $75,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $95,000 | $75,000 | -21.1% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $75,000 | $55,000 | -26.7% | 0.0% |
| AFFINITY | $45,000 | n/a | 0.0% | |
| The Canandaigua National Bank and Trust Company | $45,000 | n/a | 0.0% | |
| AMERICAN HERITAGE FCU | $25,000 | n/a | 0.0% | |
| Baxter Credit Union | $335,000 | $25,000 | -92.5% | 0.0% |
| GREENWOOD | $25,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $25,000 | n/a | 0.0% |
Torrington's top lender by overall market share is QUICKEN LOANS, LLC, with 5.0% market share. In second place, with 4.3%, is Webster Bank, having originated $61,525,000 in loans. In third place, with 4.2%, is TOTAL MORTGAGE SERVICES, LLC, having originated $59,320,000 in loans. In fourth place, with 3.9%, is Bank of America, having originated $55,055,000 in loans. In fifth place, with 3.7%, is Thomaston Savings Bank, having originated $53,365,000 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%) | $641,650 (-0.4%) | 1.30 | 1,363 |
| 2018-02-01 | $354,500 (6.0%) | $653,508 (-0.2%) | 1.29 | 1,344 |
| 2018-03-01 | $357,700 (3.9%) | $638,650 (-6.9%) | 1.26 | 1,392 |
| 2018-04-01 | $359,000 (2.6%) | $640,199 (-6.7%) | 1.22 | 1,455 |
| 2018-05-01 | $349,900 (-2.7%) | $636,073 (-5.7%) | 1.17 | 1,587 |
| 2018-06-01 | $349,900 (-2.5%) | $645,760 (-3.9%) | 1.17 | 1,712 |
| 2018-07-01 | $350,000 (-2.8%) | $651,608 (-3.5%) | 1.17 | 1,764 |
| 2018-08-01 | $353,725 (1.2%) | $656,358 (0.3%) | 1.19 | 1,760 |
| 2018-09-01 | $349,000 (-0.3%) | $659,014 (0.6%) | 1.17 | 1,755 |
| 2018-10-01 | $344,350 (-1.6%) | $660,543 (3.0%) | 1.17 | 1,710 |
| 2018-11-01 | $349,925 (0.0%) | $676,375 (4.5%) | 1.19 | 1,585 |
| 2018-12-01 | $349,000 (-0.1%) | $681,681 (7.6%) | 1.20 | 1,477 |
| 2019-01-01 | $349,900 (0.0%) | $701,843 (9.4%) | 1.21 | 1,343 |
| 2019-02-01 | $353,475 (-0.3%) | $708,797 (8.5%) | 1.19 | 1,316 |
| 2019-03-01 | $368,000 (2.9%) | $716,980 (12.3%) | 1.20 | 1,322 |
| 2019-04-01 | $377,429 (5.1%) | $708,064 (10.6%) | 1.20 | 1,334 |
| 2019-05-01 | $369,000 (5.5%) | $690,930 (8.6%) | 1.15 | 1,457 |
| 2019-06-01 | $369,000 (5.5%) | $678,316 (5.0%) | 1.15 | 1,585 |
| 2019-07-01 | $369,450 (5.6%) | $668,004 (2.5%) | 1.16 | 1,614 |
| 2019-08-01 | $369,273 (4.4%) | $664,498 (1.2%) | 1.17 | 1,597 |
| 2019-09-01 | $369,682 (5.9%) | $659,014 (0.0%) | 1.18 | 1,587 |
| 2019-10-01 | $372,500 (8.2%) | $658,160 (-0.4%) | 1.20 | 1,576 |
| 2019-11-01 | $387,250 (10.7%) | $677,361 (0.2%) | 1.27 | 1,428 |
| 2019-12-01 | $388,575 (11.3%) | $695,654 (2.1%) | 1.30 | 1,268 |
| 2020-01-01 | $395,000 (12.9%) | $706,639 (0.7%) | 1.32 | 1,155 |
| 2020-02-01 | $395,000 (11.8%) | $704,069 (-0.7%) | 1.30 | 1,103 |
| 2020-03-01 | $399,000 (8.4%) | $713,117 (-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 (16.4%) | 1.23 | 864 |
| 2020-07-01 | $444,900 (20.4%) | $826,047 (23.7%) | 1.29 | 874 |
| 2020-08-01 | $439,900 (19.1%) | $814,641 (22.6%) | 1.26 | 869 |
| 2020-09-01 | $466,200 (26.1%) | $823,199 (24.9%) | 1.34 | 878 |
| 2020-10-01 | $479,000 (28.6%) | $848,641 (28.9%) | 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 (66.0%) | 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%) | $1,143,627 (9.4%) | 1.27 | 435 |
| 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%) | 1.45 | 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%) | $1,366,827 (17.4%) | 1.56 | 338 |
| 2023-06-01 | $662,500 (20.5%) | $1,253,105 (9.0%) | 1.49 | 364 |
| 2023-07-01 | $689,900 (27.8%) | $1,179,269 (8.6%) | 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 (-7.5%) | 1.55 | 411 |
Torrington's median listing price for 2023-11-01 was $649,950, a difference of
$122,950
(23.3%) versus the prior year and
$0 versus the prior month.
Torrington's median listing price comes in at 155% of the national average.
Torrington's average listing price for 2023-11-01 was $1,058,302, a difference of $-85,325 (-7.5%) versus the prior year and $-28,171 versus the prior month.
For the 2023-11-01 period, Torrington had 411 MLS listings, a difference of -12 listings (-3%) versus the prior month and -24 listings (-6%) versus the prior year.
Torrington's median listing price comes in at 155% of the national average.
Torrington's average listing price for 2023-11-01 was $1,058,302, a difference of $-85,325 (-7.5%) versus the prior year and $-28,171 versus the prior month.
For the 2023-11-01 period, Torrington had 411 MLS listings, a difference of -12 listings (-3%) versus the prior month and -24 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 | 2,112 sqft |
| 2018-04-01 | 71 days | 2,131 sqft |
| 2018-05-01 | 65 days | 2,101 sqft |
| 2018-06-01 | 68 days | 2,112 sqft |
| 2018-07-01 | 75 days | 2,131 sqft |
| 2018-08-01 | 86 days | 2,127 sqft |
| 2018-09-01 | 92 days | 2,089 sqft |
| 2018-10-01 | 98 days | 2,057 sqft |
| 2018-11-01 | 102 days | 2,064 sqft |
| 2018-12-01 | 108 days | 2,039 sqft |
| 2019-01-01 | 120 days | 2,033 sqft |
| 2019-02-01 | 124 days | 2,055 sqft |
| 2019-03-01 | 104 days | 2,113 sqft |
| 2019-04-01 | 76 days | 2,136 sqft |
| 2019-05-01 | 65 days | 2,218 sqft |
| 2019-06-01 | 66 days | 2,284 sqft |
| 2019-07-01 | 74 days | 2,271 sqft |
| 2019-08-01 | 80 days | 2,288 sqft |
| 2019-09-01 | 85 days | 2,294 sqft |
| 2019-10-01 | 90 days | 2,297 sqft |
| 2019-11-01 | 101 days | 2,283 sqft |
| 2019-12-01 | 115 days | 2,258 sqft |
| 2020-01-01 | 125 days | 2,277 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 | 2,476 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 | 2,294 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 | 2,348 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 |
Torrington's median listing age (time on market) for 2023-11-01 was 60 days.
This
is -14%
shorter
than the same period one year ago.
Torrington's median square footage for active listings during the 2023-11-01 period was 2,439 sqft. One year prior, the average listing was 2,294 sqft.
Torrington's median square footage for active listings during the 2023-11-01 period was 2,439 sqft. One year prior, the average listing was 2,294 sqft.
Torrington, CT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,661 | $836,135,000 | $314,218 |
| Cash Out Refi | 980 | $259,610,000 | $264,908 |
| Refi | 785 | $208,515,000 | $265,624 |
| Home Improvement | 423 | $52,385,000 | $123,842 |
| Other | 376 | $72,720,000 | $193,404 |
Torrington's most frequently cited loan purpose was Home Purchase, with 2,661 originations. The 2nd most popular reason was Cash Out Refi, with 980 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,319 | $398,635,000 | $302,225 |
| 4-5% | 1,118 | $301,030,000 | $269,258 |
| 5-6% | 1,114 | $275,890,000 | $247,657 |
| 6-7% | 508 | $112,840,000 | $222,126 |
| 2.5-3% | 385 | $140,105,000 | $363,909 |
| <2.5% | 359 | $78,495,000 | $218,649 |
| 7-8% | 152 | $31,850,000 | $209,539 |
| Over 8% | 102 | $14,380,000 | $140,980 |
During 2022, Torrington's most frequently originated rate bucket was 3-4%, with 1,319 originations.
Loan Sizing (Torrington, CT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,034 | $562,240,000 | $276,421 |
| $100k-200k | 1,504 | $224,990,000 | $149,594 |
| $100,000 or less | 936 | $49,310,000 | $52,682 |
| $400k-600k | 450 | $212,560,000 | $472,356 |
| $600k-1000k | 172 | $125,610,000 | $730,291 |
| $Over $1MM | 129 | $254,655,000 | $1,974,070 |
Torrington's loan sizing saw the bucket of loans from $200k-400k with 2,034 originations, totaling $562,240,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,762 | $564,260,000 | $320,238 |
| 60-80% | 1,417 | $484,315,000 | $341,789 |
| Under 20% | 654 | $37,140,000 | $56,789 |
| 40-60% | 605 | $172,955,000 | $285,876 |
| 20-40% | 577 | $81,145,000 | $140,633 |
| Over 100% | 31 | $10,025,000 | $323,387 |
Torrington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,762 originations, totaling $564,260,000 in origination value.