Amid Protracted Rates, CT’s Home Financing Slows

Hartford, Nov. 30, 2015–Seay, Gregory

Connecticut’s mortgage lending market to buy or refinance a home slowed noticeably in recent years, even as interest rates – pegged to increase soon–have remained among the lowest in a generation. But, “we’ve been seeing a lot more first-time homebuyers,” said David Zamary, president of the Connecticut Mortgage Bankers Association. “A lot of people were on the fence. But they’re getting off the fence.”