Mortgage Rates in Lovell, Wyoming — March 2026
Updated March 2026 | Based on Lovell market data and regional lending conditions
Lovell is a growing city in Wyoming with a population of 2,360. The current 30-year fixed mortgage rate in Lovell is 6.81%, which is 0.16% above the national average. With a median home price of $211,000 and a 20% down payment of $42,200, homebuyers can expect a monthly principal and interest payment of approximately $1,102.
Current Mortgage Rates in Lovell, WY
Below are the current average mortgage rates available in the Lovell area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.81% | 6.65% | +0.16% |
| 15-Year Fixed | 6.04% | 5.89% | +0.15% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.06% | 6.85% | +0.21% |
Lovell Housing Market Overview
The Lovell housing market offers relatively affordable housing compared to many major cities. The median household income in Lovell is $59,500, and the cost of living index is 92.3 (national average = 100). Based on the 28% affordability rule, the median income in Lovell is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Lovell
Based on the median home price of $211,000 with 20% down ($42,200), here is what you can expect to pay monthly in Lovell:
15-Year vs. 30-Year Mortgage in Lovell
Choosing a 15-year mortgage in Lovell at 6.04% instead of a 30-year at 6.81% would save you $139,680 in total interest over the life of the loan. However, your monthly payment would be $1,428 instead of $1,102 — an increase of $326 per month.
Calculate Your Lovell Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Lovell
What are the current mortgage rates in Lovell, WY?
As of March 2026, the average 30-year fixed mortgage rate in Lovell, Wyoming is 6.81%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in Lovell?
Based on the median home price of $211,000 with 20% down, the estimated monthly mortgage payment in Lovell is $1,102 for principal and interest. Including property taxes of $111/month, the total monthly housing cost is approximately $1,213.
What income do I need to buy a home in Lovell?
Using the 28% rule, you would need an annual income of approximately $51,986 to afford the median-priced home in Lovell at $211,000. The median household income in Lovell is $59,500. The median income is currently sufficient to meet this threshold.
Is Lovell a good place to buy a home in 2026?
Lovell offers a below-average cost of living with a cost of living index of 92.3 (national average = 100). The property tax rate in Wyoming is 0.63%, which is below the national average. Lovell has a population of 2,360 and offers a very affordable lifestyle.
Mortgage Rates in Other Wyoming Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Lovell, Wyoming area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.