Financing Homes in Lake Tahoe and Truckee since 1992.

Lake Tahoe Mortgage Loan Rates and Lake Tahoe Home Loans-Morning Update – September 3,2013

Lake Tahoe Mortgage Loan Rates and Lake Tahoe Home Loans:

The closely watched monthly jobs report is set to be released on Friday morning at 8:30am ET and will most likely prove to be the big event for the week. Is it expected that employers added 177,000 new workers in August, up from the 162,000 created in July. The report will be key in the decision making process for the Federal Reserve members as to whether or not to begin tapering Quantitative Easing (QE) sooner rather than later.

Investors are happy that the month of August in behind them for it proved to be a rough month for Stock prices. The Dow Jones Industrial Average lost 4.4% while the closely watched S&P 500 Index fell by 3.1%. August began with the S&P hitting a record high close of 1,709 on August 2, but with the talk of the Federal Reserve easing back support for the U.S. economy, sentiment quickly reversed.

With the summer unofficially ending on Labor Day, average gas prices at the pump have been declining as the driving season winds down. The national average price for a regular gallon of gasoline is at $3.58 down from $3.62 a month, but up a few cents as the Syrian crisis continues. The Energy Information Administration says gas prices will average $3.52 this year and sees an average of $3.37 in 2014.