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Buyer Specialist

  Ellen Camacho

Listing Specialist

Michelle Keck

  Michelle Keck

Lake Tahoe Real Estate August 6th, 2014





Nationally, interest rates on conventional purchase-money mortgages increased from May to June, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 3.85 percent for loans closed in late June, up 10 basis points from 3.75 percent in May.   The average interest rate on all mortgage loans was 3.85 percent, up 10 basis points from 3.75 in May. The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 4.04 percent, an increase of 14 basis points from 3.90 in May. The effective interest rate on all mortgage loans was 3.99 percent in June, up 9 basis points from 3.90 percent in May. The effective interest rate accounts for the addition of initial fees and charges over the life of the mortgage. The average loan amount for all loans was $325,600 in May, up $14,700 from $310,900 in May. To Finish reading, click here.

Attendee’s will sip on incredible wine from approximately 25 of Northern California’s top wineries and sample a wide variety of delicious appetizers, entrees and desserts from approximately 20 of the South Shore’s finest restaurants. “An Evening of Food & Wine Tasting” raises money to fund the many projects and programs sponsored by Soroptimist International of South Lake Tahoe. All proceeds are directed back into our community through educational scholarships, youth activity sponsorships and grants to organizations such as the Live Violence Free Center, Tahoe Youth and Family, the Drug Store Project, Christmas Cheer, Girls on the Run, Tahoe Arts Project and numerous projects that enhance services and quality of life in our community. For more info, click here.

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