Financing Homes in Lake Tahoe and Truckee since 1992.

Lake Tahoe Home Loans and Lake Tahoe Mortgage Loan Rates-End of Day Summary-September 4, 2013

Lake Tahoe Home Loans, Lake Tahoe Home Loan Rates, Lake Tahoe Mortgage Loans, Lake Tahoe Mortgage Rates and Lake Tahoe Mortgage Loan Rates:

The Mortgage Bankers Association  reported today that its Market Composite Index, a measure of total loan  application volume, rose by 1.3% in the latest week. It was the first  positive reading in four weeks. The refinance index increased by 2%  while the purchase index declined by 0.4%.

Over in housing news, CoreLogic  released its monthly Home Price Index yesterday showing that prices on a  year-over-year basis rose by 12.4% in the month ended in July. It was  the 17th consecutive month of year-over-year home price gains. In  addition, there was a 1.8% increase from June to July. However, prices  are still nearly 18% below their peak levels set back in April of 2006.  Looking ahead, CoreLogic sees a 12.3% increase from August 2012 to  August 2013.

The government jobs report will be  released this coming Friday morning at 8:30am ET and the markets and  members of the Federal Reserve eagerly await the numbers. It is  expected that employers added 177,000 new jobs in August, above the  162,000 that were created in July. The Federal Reserve will closely  scrutinize the numbers for continued signs of a labor market recovery to  base its decision as to whether or not to begin tapering the current  Bond purchase program in September, or hold off until the end of the  year or early in 2014.