Financing Homes in Lake Tahoe and Truckee since 1992.

Lake Tahoe Home Loan Rates and Lake Tahoe Mortgage Rates-End of Day-August 2, 2013

Lake Tahoe Home Loan Rates and Lake Tahoe Mortgage Rates:

Today’s highlights were:

  • Fed’s Bullard says economy is improving but needs to get stronger.
  • Mortgage Bonds have been turned right side up again after the less than expected payrolls data.
  • Mortgage backed security prices ended the day up 103 basis points, a very positive day.
  • The U6 Unemployment number moved up to 14.3% from 14%. U6 includes everyone who wants a full-time job but can’t find one.
  • The Unemployment Rate fell to 7.4% from 7.6%, but the quality of jobs declined.