South Lake Tahoe Home Prices, Interest Rates just get even better for Buyers.
By Gary Bolen, CRS - Lake Tahoe Real Estate Information
(McCall Realty)
It's been more than a decade since a South Lake Tahoe home was this affordable. (Lake Tahoe Real Estate Blog / August 10, 2011 / Richard Bolen) Lets look at interest rates first. MOrtgage interest rates after the big debt debate debacle! Online today a 30-year fixed loan w 20% down is being touted at 3.875%, which is unheard of (here). Digging deeper, most of these sensational online rates involve a point or two added into the mix, a loan over $200,000 and a huge FICO to boot. In other words, one is pretty much not going to get a South Lake Tahoe house today with a loan under 4%. One can get that South Lake Tahoe house today, however, at a mortgage interest rate of 4.125%, which is a lower rate than anything we have seen in decades, but this rate will likely involve a point in the mix t...
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