ROCKY HILL, CT – January 31, 2012 – (RealEstateRama) — The Connecticut Housing Finance Authority (CHFA) provides below-market rate mortgages to first- time homebuyers in the state. In January, CHFA’s interest rate dropped to a record low of 3.250 percent for a 30-year fixed mortgage. “The interest rate has been gradually decreasing this year, but this is the lowest rate in the 42-year history of CHFA,” said John Craford, Executive Vice President. According to a recent Freddie Mac survey, the nationwide 30-year fixed rate mortgage average was 3.88 percent, down from 4.74 percent at the same time last year.
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