CHFA Mortgage Rate Falls to 5.5%
September 12th, 2008 categories: Mortgages & Finance
I used to report weekly on the CHFA rate but the rate doesn’t change often enough or by much.
This week, though, the rate dropped to 5.5% and it hasn’t been this low in a while.
If you want to buy a house in Connecticut and qualify, 5.5% is a pretty darn good rate. And the rate gets a lot better if you buy within the Manchester Pilot Homeownership Program where the rate is 5.25% and slightly higher for teachers, military and police, or 5.35%.
CHFA Income Limits - $81,000 for 1-2 person households, $93,150 for 3+ in most of Hartford county
CHFA Sales Price Limits - $301,500 for most of Hartford county
For related posts:
Closing Costs Vs. Prepaid Items
New Housing Bill’s Impact of Home Buyers
Five Things Every Home Buyer Should Know About Mortgages and Mortgage Lenders
