30 Year Fixed
- 5.03 %
15 Year Fixed
- 4.53 %
1-Year ARM
- 3.93 %
5/1 ARM
- 4.06 %
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Guide to Connecticut Mortgages

Connecticut

Connecticut, located in the New England region or northeastern United States, has a population of roughly 3.4 million residents, making it the fourth most densely populated state. This state has been nicknamed the "Constitution State" because of its history and influence in the creation of early American government. The weather in Connecticut ranges throughout the year. Northwestern Connecticut has a humid continental climate, whereas Southwestern Connecticut has a humid subtropical climate.

The entire state of Connecticut can be divided into either 169 towns, 21 cities or nine boroughs. Connecticut’s capital is Hartford which is home to several colleges including Trinity College and Wadsworth Atheneum. Recently, Hartford has been approached by developers for the city’s expansion through commercial and residential projects.

Connecticut is known for having some of the richest cities in the United States and even had the highest per capita income in 2007. Its richest city is New Canaan with a per capita income of over $85,000. Connecticut has the most multi-million dollar homes in the Northeast.

One of the nation’s leading universities, Yale, is located in Connecticut. This University is known as being one of the state’s leading employers and has led to the development and growth of biotechnological businesses in the area.

Public transportation in Connecticut is well-managed. Residents in metropolitan areas have access to trains and buses. Bicycling is also a huge form of alternate transportation in Connecticut.

 

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Connecticut Housing Statistics
ConnecticutUSA
Total Housing1,385,975121,699,874
Total Urban1,218,62494,464,240
Total Rural167,35127,235,633
Occupied1,301,670110,754,106
Vacant84,30510,945,767
Owner Occupied869,72973,306,541
Renter Occupied431,94137,447,565
Vacant for Rent25,5752,745,385
Vacant for Sale9,3051,264,534
 
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