Mortgage Rates in Waterbury, Connecticut — March 2026
Updated March 2026 | Based on Waterbury market data and regional lending conditions
Waterbury is a growing city in Connecticut with a population of 114,403. The current 30-year fixed mortgage rate in Waterbury is 6.7%, which is 0.05% above the national average. With a median home price of $195,000 and a 20% down payment of $39,000, homebuyers can expect a monthly principal and interest payment of approximately $1,007.
Current Mortgage Rates in Waterbury, CT
Below are the current average mortgage rates available in the Waterbury area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Waterbury Housing Market Overview
The Waterbury housing market offers relatively affordable housing compared to many major cities. The median household income in Waterbury is $42,250, and the cost of living index is 100.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $58,071 to comfortably afford the median-priced home in Waterbury, which exceeds the current median household income.
Monthly Payment Breakdown for Waterbury
Based on the median home price of $195,000 with 20% down ($39,000), here is what you can expect to pay monthly in Waterbury:
15-Year vs. 30-Year Mortgage in Waterbury
Choosing a 15-year mortgage in Waterbury at 5.94% instead of a 30-year at 6.7% would save you $126,540 in total interest over the life of the loan. However, your monthly payment would be $1,311 instead of $1,007 — an increase of $304 per month.
Calculate Your Waterbury Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Waterbury
What are the current mortgage rates in Waterbury, CT?
As of March 2026, the average 30-year fixed mortgage rate in Waterbury, Connecticut is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Waterbury?
Based on the median home price of $195,000 with 20% down, the estimated monthly mortgage payment in Waterbury is $1,007 for principal and interest. Including property taxes of $348/month, the total monthly housing cost is approximately $1,355.
What income do I need to buy a home in Waterbury?
Using the 28% rule, you would need an annual income of approximately $58,071 to afford the median-priced home in Waterbury at $195,000. The median household income in Waterbury is $42,250. This means most households would need to either earn above the median or consider homes below $195,000.
Is Waterbury a good place to buy a home in 2026?
Waterbury has a moderate cost of living with a cost of living index of 100.5 (national average = 100). The property tax rate in Connecticut is 2.14%, which is above the national average. Waterbury has a population of 114,403 and offers a balanced lifestyle.
Mortgage Rates in Other Connecticut Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Waterbury, Connecticut area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.