Current Interest Rates

Although conventional loan rates are up since last month, they are still historically low. A conventional 30 year fixed rate mortgage up to a loan amount of $417,000 is at 6.25%. 

Even with the increase of the FHA jumbo loan limit to $580,000 in El Dorado County, loans over $417,000 will still cost more. Most lenders have not yet figured out what to charge for those loans. Those that have figured out what to charge are still basing it on a tiered basis. A loan in the amount between$417,000 and $580,000 is at 6.75%, and over $580,000 will be at 7.25%. Most lenders should soon be posting there rates based on the new loan limits.

Hopefully home loan rates will go back down, and stimulate the South Lake Tahoe Real Estate market. For more loan information contact Lee from Associated Mortgage in South Lake Tahoe at am****@ba*****.net .