Wyoming Mortgage Rates;
The market in Cheyenne and surrounding areas seems to be stabilizing. There is a good supply of homes on the market and with interest rates low, this is a great time for buyers to step onto the property ladder. The state economy continues to look robust with several new companies looking to move into the state. This will mean more people looking for properties in the area. Wyoming appears to have escaped the worst of the ‘bursting’ of the bubble and the outlook remains strong for 2007.
There is movement in the market with existing home owners looking to move into larger homes and first time buyers looking to enter the market. Spring and summer of 2007 will be the best time for both buyers and sellers and the market will continue to move in an upward direction. Buyers have a large choice of homes to consider and with interest rates as low as they are, property remains a great investment.
Below are some rates currently offered.
For loans up to $417,000
30 Yr Fixed : rates from 5.75% to 6.625%
15 Yr Fixed : rates from 5.5% to 6.25%
1 Yr ARM : rates from 5% to 5.75%
3/1 ARM : rates from 5.25% to 6.375%
5/1 ARM : rates from 5.5% to 6.5%
For loans above $417,000
30 Yr Fixed Jumbo : rates from 6% to 6.625%
15 Yr Fixed Jumbo : rates from 5.75% to 6.625%
1 Yr ARM Jumbo : rates from 5.125% to 6.5%
3/1 ARM Jumbo : rates from 5.5% to 6.625%
5/1 ARM Jumbo : rates from 5.625% to 6.5%
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Major Wyoming Cities;
Casper
Jackson
Rock Springs
Sheridan
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