Mortgage Rates

Mortgage News Update

Investors wary of the current economic situation due to the ongoing trade disputes fell back on the bond market, causing the 10-year treasury yield to decrease. The 30-year fixed-rate mortgage averaged 4.10 percent with an average 0.50 point fee for the week ending May 9, 2019, down from last week when it averaged 4.14 percent.  A year ago at this time, the 30-year fixed-rate mortgage averaged 4.55 percent.

Fishing Derby – June 1st

sawmill pond

South Lake Tahoe Optimist Club is hosting its Annual Kids’ Fishing Derby at Sawmill Pond (corner of Lake Tahoe Blvd. & Sawmill Rd.) on Saturday, June 1st from 8am to 12pm.    

FREE to all children 14 years and younger! 

Fishing tackle & bait available.  Expert guidance from Tahoe Fly Fishing on hand. 

Free fish cleaning table.  Hot dogs, chips, & lemonade provided after the Derby!

Public hearing on proposed water rate increase

South Tahoe Public Utility District

The public has another chance to speak to the South Tahoe Public Utility District about a proposed rate change during their board meeting on Thursday, May 16 at 2:00 p.m.

There have been several meetings and workshops about water and sewer rates in South Lake Tahoe since January.

At their March 21 meeting, the Board voted to start a required rate change process. They noticed all ratepayers, informing them there would be a rate increase of up to five percent for sewer rates and six percent for water rates. For more on the story visit this page.

Gardner Mountain

South Lake Tahoe Welcome Sign

Located at South Lake Tahoe, Gardner Mountain is loved by its residents due to its location to nearby shops, Raley’s grocery store and the proximity by bike to local trails, the beach and Fallen Leaf Lake.  Lot sizes are also a bit larger and range up to 10,000 square feet.  As of April 2019 the median sales price for this area is $370,000 – a 2.8% increase from this time last year.  The area topographically rises gradually from the corner of Highway 50 at Lake Tahoe Blvd towards the back of the neighborhood at 13th St and Gardner St – adjacent to our High School.  

Tree Service Workshop

Lake Tahoe News
The TRPA is offering a tree service workshop from 9-11:30 a.m. Monday, May 6, at the agency’s office in Stateline, 128 Market Street. Topics for the workshop will include:
  • A presentation on how to use TRPA’s online tree removal application tool by Linda Allen, IT systems analyst for TRPA
  • An overview of TRPA’s tree removal rules and regulations by Bruce Barr, forester for TRPA
  • And a presentation on creating defensible space to help protect homes and businesses
The tree service workshop is free and open to the public, tree service companies, landscape companies, and yard maintenance companies. Questions about the workshop can be directed to Bruce Barr, (775) 589-5294, bbarr@trpa.org.

Mooring permits at Lake Tahoe

Lake Tahoe News
New online permitting options are available for mooring permits at Lake Tahoe. The Lake Tahoe Shoreline Plan approved by the Tahoe Regional Planning Agency in 2018 requires lakefront property owners, homeowners’ associations, and marinas to register all existing boat moorings, including buoys, boatlifts, and boat slips.
Property owners can now permit and register existing moorings online at laketahoeinfo.org/moorings. The registration period will remain open until September 30. Property owners who are eligible to permit and register an existing mooring in 2019 include:
  • Those who have a mooring permitted by TRPA;
  • have previously applied for a TRPA mooring permit; or
  • have a mooring with a state or federal permit or lease;
  • And those who have a mooring with no permit or lease but proof of its existence prior to 1972.