Connecticut housing report · October 30, 2026
Rates slip to 7.24% as Glastonbury homes keep moving
The 30-year rate dipped to 7.24% in Freddie Mac’s latest survey, a second small weekly decline. In Glastonbury, the typical single-family listing has been on the market about 12 days, and closed prices are a better guide than asking prices.
Mortgage rates this week
Rates: Freddie Mac Primary Mortgage Market Survey, October 29, 2026. The payment example assumes 20% down on the spotlight town’s median sale price and excludes taxes and insurance.
What the rate move means
The average 30-year fixed rate slipped to 7.24% from 7.32% the week before, according to Freddie Mac’s October 29 survey, and the 15-year eased to 6.60% from 6.68%. On a typical Glastonbury purchase with 20% down (a $414,000 loan on the $517,500 median), principal and interest comes to about $2,821 a month. That’s roughly $22 a month less than last week, and about $294 a month more than a year ago, when the 30-year was near 6.17%.
Two small dips in a row are nice to see, but I wouldn’t plan around where rates go next. What I’d do is make sure any pre-approval reflects today’s rate, so the payment you’re shopping with is the real one.
Spotlight: Glastonbury
Single-family homes in Glastonbury sold for a median of $517,500 over the past year, or about $301 a square foot, across 82 sales. In the latest town data there were 76 on the market, 25 of them newly listed, and the typical listing had been up about 12 days.
The median asking price on those listings was $599,900, noticeably higher than what homes have been closing for. Some of that is just the mix of homes listed this season, but it’s a good reason to look at recent closed sales when you’re judging value, whether you’re buying or selling.
If you’re buying
With homes in Glastonbury typically finding buyers in under two weeks, it helps to tour new listings early and to know your numbers at today’s rate before you fall for one.
If you’re selling
Fall buyers are still active. Pricing from recent Glastonbury closings, rather than from the highest asking prices nearby, gives your home its best shot at a strong first two weeks.
See the full Glastonbury guide
Where the market stands
| Town | Median single-family sale price | Homes for sale | Median days on market |
|---|---|---|---|
| Southington | $447,500 | 71 | 12 days |
| Cheshire | $490,000 | 68 | 19 days |
| Wallingford | $400,000 | 63 | 16 days |
| Meriden | $329,900 | 120 | 17 days |
| East Lyme | $500,000 | 72 | 47 days |
Town figures from RentCast public records and listing data, updated November 2, 2026. See all 23 town guides.
Your turn
If rates kept drifting down a little each week, at what point would it change your plans, or would it at all?
Reply on my LinkedIn post, or send me a note. If you’re wondering what these numbers mean for your home, ask for a Home Value Report.
Earlier reports
- Rates ease to 7.18% as Cheshire buyers take a closer look November 6, 2026
- Rates ease to 7.32% as Wallingford’s fall market stays quick October 28, 2026
- Rates tick back above 7% as fall listings arrive September 26, 2026