Mortgage Rates & Your Buying Power in Gillette WY
When you’re buying a home in Gillette WY, your mortgage rate shapes your monthly comfort zone just as much as your price point. I’m Jessica LaCour, Broker/Owner of 411 Properties, and our buyers across Campbell and Crook County rely on real data—not online guesses—to plan wisely.
The Real Numbers: Verified 2025 Rate Data
As of late October 2025, the Freddie Mac Primary Mortgage Market Survey reports:
- 30-year fixed rate: ≈ 6.04 % (±0.05 %)
- 15-year fixed rate: ≈ 5.32 %
(Source: Freddie Mac PMMS, 10/31/2025)
Local lenders in Wyoming confirm those averages hold steady statewide. Some Campbell County banks are quoting just under 6 % for top-tier credit. That stability gives buyers confidence—monthly payments aren’t swinging week-to-week like they did in 2022–23.
What That Means for Buying Power
Every quarter-point change in rate shifts what you can comfortably spend by ~3 %. For example:
| Loan Amount | 30-yr @ 6.0 % | 30-yr @ 6.5 % | Monthly Difference |
|---|---|---|---|
| $300,000 | $1,799 | $1,896 | $97 / mo |
| $350,000 | $2,099 | $2,212 | $113 / mo |
(Principal & interest only. Estimate per Freddie Mac PMMS rates + FHA calculator.)
That extra $100 per month can decide whether you buy a finished garage, fenced yard, or updated HVAC.
How Local Buyers Are Adjusting
Gillette’s active inventory remains lean (per NEWRA MLS weekly reports). Most homes priced between $275K and $400K are moving within 30-45 days, while anything “turn-key” in Lakeland Hills or Tenth Hole Estates sees multiple showings right away.
Smart buyers today:
- Shop by payment, not price.
- Ask lenders for rate-buy-down options (temporary 2-1 buy-downs are popular).
- Compare loan types—FHA vs USDA vs conventional—since Campbell County’s moderate-income limits still qualify many homes.
- Run scenarios using a real MLS CMA (not online estimates).
Working With a Local Broker & Lender Team
Out-of-state lenders rarely understand rural Wyoming nuances—shops, wells, or acreage rules. Local mortgage pros do. At 411 Properties, we connect buyers to trusted Campbell and Crook County lenders who:
- Offer same-day pre-approvals for competitive offers.
- Understand rural and shop-property appraisals.
- Provide rate-lock protection that keeps payments predictable through closing.
Why 411 Properties Buyers Win
Because we pair marketing expertise with financial strategy. You’ll get:
- Custom MLS alerts that match your pre-approval.
- Access to off-market and coming-soon properties.
- Negotiation leverage backed by current data—so you never overpay in emotion.
That’s how you get the best bang for your buck in Gillette.
Next Step
Tell me your timeline, budget, and must-haves. I’ll connect you with a lender who can confirm your numbers and set you up for success before the next listing hits!
Call Jessica LaCour, Broker for 411 Properties LLC at (307-682-7767)
