Todays, Wyoming is growing and the some the best land is being sold. Wyoming’s big attraction is Yellow Stone National Park. Yellow Stone was the world’s first national park in 1872 it’s located in the far northwestern portion of the state. The second highest peak, the Grand Teton is also located in Wyoming. The State is predominantly republican around 69% of voters. The abundance of land and the good Wyoming mortgage rate is fuelling a fire of growth.

Wyoming was admitted to the Union on July 10, 1890 becoming the 44th State. It was named after the Wyoming Valley of Pennsylvania. The Crow, Arapahoe, Sioux, and Shoshone were some of the original inhabitants settled in the area when white explorers first entered the region. It is possible that French trappers had ventured into the northern sections of the state in the late 1700s. John Colter, member of the Lewis and Clark Expedition, is recognized as the first white American to enter the region in 1807. His account of the beauty of the region was considered factious. Even from Its humble beginnings real estate in Wyoming was seen as unique and beautiful.

The Real Estate industry in Wyoming has been slow. I mean it is the lowest populated state in the Country. However that is changing. As the real estate bubble continues to wither many are cashing out and heading to the Great Plains to buy or build their dream home. Prices here are low and the land is premium. There are around 227,941 housing units in the State. Home ownership is an amazing 70% thanks to the low Wyoming mortgage rate. The low rates allow more people to qualify and be able to afford mortgages. The median value of homes in Wyoming is an astounding $96,600. Population growth for the last year was 2.6%. Wyoming real estate is poised to receive a lot of national attention and really begin to boom.

One of the important part the State’s push to grow is the low Wyoming mortgage rate. Currently for a 30 year fixed mortgage in Casper you would get a rate of 6.750. That is up a little from 6 months ago when it was an unbelievable 5.6. The increase in the mortgage rate is a complicated process dealing with interest rates, inflation, supply and demand and the value of bonds. Predicting the future of mortgage rates requires analyzing the health of the economy, the outlook for inflation, the flow of investors’ money between stocks, bonds, mortgage-backed securities and other investments. In Wyoming the demand is still low and supply is still very high. Now is the best time to get involved with real estate in Wyoming. Take advantage of the low Wyoming mortgage rate.

The most common loans used in Wyoming are:

� Fixed Rate – Rate is locked in until paid in full. With these loans, your monthly payment for interest and principal never changes. Down payments required on these loans can be as low as 5%. This is a great way to get locked in on the currently low Wyoming mortgage rate.

� Adjustable Rate – These mortgages normally start at a lower interest rate but will fluctuate depending on market interest rates. The rates are adjusted yearly, increases are usually capped for any given year and for the life of the loan.

� Balloon Mortgage – These loans need to be paid off usually within 5-7 years so If you’re still in the house at the end of the term, you will have to find another mortgage to pay off the first one but you can enjoy a lower interest rate that is more secure.

Most of your real estate options are going to include homes, farms, and apartments or condos in the cities. Currently Wyoming is experiencing a housing boom in certain areas of the state. Gillette is experiencing a boom in Cheyenne due to oil. Recently the refinery in the area was opened up, needing more workers to transport themselves to that area of the state. This means that you will find many new constructions in the area from a range of $200,000 or more. While there are some homes from the past it seems most individuals would rather have a new home for the cost than spend the money refurbishing an older home.

Jackson Hole is another town experiencing a little bit of a construction boom. Jackson Hole is on the western side of Wyoming at the base of the Teton’s and Yellowstone National Park making it one of the most picturesque cities in Wyoming. In Jackson Hole you will find the real estate prices to be rather high. Not only are you paying for the construction on the home, but also the view. So if you have the budget you may find Jackson Hole is a great place to retire or have a vacation home. In Jackson Hole there will be condos, apartments, and palatial homes for you to look for.

Cheyenne is also one of the most populace places in the state. The big draw for Cheyenne is the military base located in the city. They also have many golf courses allowing for retirement communities to spring up as well. You will find there are older homes in this region in need of fixing up. For investors this can be a great place to settle. Investors can purchase these fix and flip houses and then resell them to the current market.

Wyoming real estate is generally going to be a western style either in the rustic farm style or southwestern style of New Mexico. Wyoming has a lot of adobe homes, with tile, and the south western designs above the typical farm style. The farm style you usually find in this area is simple housing with three to four bedrooms, wood siding, and a lot of wood inside the home, perhaps even a little slate. Homes for sale in Wyoming are fairly well priced for the current market, and some of the smaller towns have not yet seen the inflation of prices other parts of the United States have seen.