Current Wyoming Mortgage and Refinance Rates

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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Current 30-year fixed mortgage rates are averaging: 7.52%

Current 15-year fixed mortgage rates are averaging: 6.83%

Current average rates are calculated using all conditional loan offers presented to consumers nationwide by LendingTree’s network partners on the previous day for each combination of loan program, loan term and loan amount. Rates and other loan terms are subject to lender approval and not guaranteed. Not all consumers may qualify. See LendingTree’s Terms of Use for more details.

Compare WY mortgage rates today

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 Refinance rates in Wyoming

  • Rate-and-term refinances allow a homeowner to change their interest rate and/or loan term. Tailoring these factors to your needs can help align your mortgage with your financial goals. In Wyoming today, refinance rates are typically higher than purchase mortgage rates.
  • Cash-out refinances replace your current home loan with a new one, while also converting some of your home equity into a cash payout. You’ll pay higher rates than regular refinances, though, since you’re tapping your equity.
  • Conventional refinances aren’t part of a government loan program. You can expect them to come with higher rates than government-backed refinances.
  • FHA refinances are a popular choice for borrowers who need a little more flexibility in qualifying requirements. These loans are insured by the Federal Housing Administration (FHA) and FHA loan rates are typically lower than conventional refinance rates. Right now in Wyoming, you may see rates about 0.83 percentage points lower.
  • VA refinances are backed by the U.S. Department of Veterans Affairs (VA) and offered only to qualified military borrowers. VA loan rates are quite competitive, and in Wyoming should come in below both FHA and conventional loan rates.

Current 30-year fixed mortgage refinance rates are averaging: 7.76%

The current average rate for a 15-year fixed mortgage refinance is: 6.99%

Current average rates are calculated using all conditional loan offers presented to consumers nationwide by LendingTree’s network partners on the previous day for each combination of loan program, loan term and loan amount. Rates and other loan terms are subject to lender approval and not guaranteed. Not all consumers may qualify. See LendingTree’s Terms of Use for more details.
 See whether refinancing makes sense for you using our mortgage refinance calculator.

 What is the current mortgage rates forecast for 2024?

The current mortgage rates forecast is for rates to hold relatively steady, hovering between 6% and 7% for most of the year. The Federal Reserve isn’t expected to begin cutting rates until later in the year — but when they do, rates could dip closer to that 6% cutoff.

LendingTree senior economist Jacob Channel emphasizes that even if rates do move down to around 6%, the overall affordability of housing isn’t likely to change significantly. The housing market is still in desperate need of additional supply and, until it can rise to meet the current demand, housing is going to remain expensive.

How do I get the best mortgage rate for my Wyoming home loan?

There are many factors determining mortgage rates, and you can harness some of them to your advantage. Here are a few steps you can take today to get the best mortgage rate:

  1. Boost your credit. Your credit score has a huge influence on the mortgage rates you can access. Check your credit score for free on LendingTree Spring, and find out what you can do to push it upward.
  2. Lower your debt-to-income (DTI) ratio. Your DTI ratio is a number lenders use to evaluate the debt you’re carrying. If you can lower your DTI, you’ll often see lower interest rate offers. Start by increasing your income, paying off some debts or getting a mortgage cosigner.
  3. Buy a single-family, site-built home. Lenders usually offer the lowest interest rates to borrowers who avoid buying a manufactured home, a property with more than one unit, a vacation home or an investment property. Lenders see those property types as more risky to lend money for.
  4. Pay for mortgage points. If you want to push your quoted interest rate down, you have the option to purchase mortgage points. One point usually reduces your rate by up to 0.25 percentage points and costs 1% of your loan amount. Having that lower interest rate can mean savings over the long haul, though it’s also wise to consider putting those extra funds toward paying down the principal balance directly.
  5. Compare offers from multiple lenders. Online platforms like LendingTree make it easy to gather loan estimates from three to five lenders (or more). Comparing the rates you’re offered by those lenders, and choosing the lowest one, is a powerful way to save money. In fact, it can save you thousands of dollars over the life of your loan, according to LendingTree data.
 Read more about our picks for the best mortgage lenders.
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When should I lock in my mortgage rate?

If you’ve landed on a home and a lender has approved you, you’re ready to ask for a mortgage rate lock. This will “lock in” your interest rate for a window of time, so you can go through the closing process without having to worry about your rate rising.

2024 Wyoming home loan programs

WCDA First-time Homebuyer

The Wyoming Community Development Authority (WCDA) offers 30-year fixed rate loans with low interest rates to first-time homebuyers. Borrowers can choose an FHA, VA or USDA loan.

 Who qualifies?

Borrowers must:

 Be first-time homebuyers
 Earn within the program’s income limits, which range from $94,000 to $178,780 depending on your location and family size
 Purchase a home within the program’s price limits, which range from $481,176 to $1,110,406 depending on the location of the home you purchase
 Purchase a single-family home on no more than 10 acres
 Complete a homebuyer education course

 Who qualifies as a first-time homebuyer?

 People who have never owned a home
 People who haven’t owned a primary residence in the last three years

HFA Preferred

Another WCDA offering, this program is open to both first-time homebuyers and repeat buyers. It provides a little bit more flexibility than the program covered above, since it has no purchase price limits, but it does come with slightly lower income limits.

 Who qualifies?

Borrowers must:

 Have a minimum 620 credit score
 Earn within the program’s income limits, which range from $73,280 to $102,160 depending on your location
 Purchase a home on no more than 10 acres
 Take a homebuyer education course (first-time homebuyers only)

WCDA Down Payment Assistance Programs

Borrowers can utilize WCDA down payment assistance with any of WCDA’s home loans, but the structure of that assistance may vary depending on your loan type. In all cases, you can access up to $15,000 in funds that can be put toward your down payment, closing costs or prepaids (like homeowners insurance or property taxes).

For borrowers with FTHB loans

  • You won’t have to make any monthly payments
  • You won’t have to repay the loan until you refinance the home, sell it or reach the 30-year mark

For borrowers with HFA Preferred loans

  • You’ll make monthly payments at a fixed interest rate
  • You must repay the loan within 10 years

 Who qualifies?

Borrowers must:

 Have at least a 620 credit score
 Contribute at least $1,500

 Get the full details about each program at WCDA’s website.
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Learn about different types of WY mortgage loans

 Wyoming conventional loans. If you have good credit, you’ll likely want to consider a conventional loan. However, make sure that you meet the other minimum requirements set by Fannie Mae and Freddie Mac.

 Wyoming FHA loans. If conventional loan requirements could be tough to reach, you can also consider an FHA loan. FHA loan requirements are more accessible for many borrowers, since they allow you to qualify with a credit score as low as 500. You’ll have to make a 10% down payment if you have a score between 500 and 579, but you can put down as little as 3.5% if your score is 580 or higher.

  Wyoming VA loans. VA loan requirements are designed to put homeownership in reach for as many military borrowers as possible, so they’re very forgiving and come with some unique benefits. For instance, qualified borrowers can purchase or refinance without making a down payment or paying for mortgage insurance.

  Wyoming streamline refinances can help borrowers who want to refinance their FHA or VA loan, as long as they’re willing to refinance into that same loan type. If you’re refinancing an FHA loan, you’ll use an FHA streamline refinance loan; you’ll use a VA interest rate reduction refinance loan (IRRRL) if your current loan is a VA loan. Because you’re staying in the same loan program you used to buy your home, you can get through the refinance process with less paperwork and hassle.

  Ready to compare top mortgage lenders with LendingTree?Get Custom Mortgage Rates and Offers Today