April Real Estate News - Mortgage Rates Hit Lowest Point So Far This Year

  If you’ve been holding off on buying a home because of high mortgage rates, you might want to take another look at the market. That’s because mortgage rates have been trending down lately – and that gives you a chance to jump back in. Mortgage rates have been declining for seven straight weeks now, according to  data  from  Freddie Mac . And the average weekly rate is now at the lowest level so far this year ( see graph below ): While that may not sound like a significant shift, it is noteworthy. Because the meaningful drop from over 7% to the mid-6’s can change your mindset when it comes to buying a home. Especially when the  forecasts  said we wouldn’t hit this  number  until roughly  Q3  of this year ( see graph below ): Why Are Rates Coming Down? According to Joel Kan, VP and Deputy Chief Economist at the  Mortgage Bankers Association  (MBA), recent economic uncertainty is playing a role in pushing rates lower: "Mortgage ...

Prepare Your Ears For Millions Of Extra Cicadas In North Carolina This Spring

Uh oh, North Carolina. Parts of the state will see and hear an insurgence of cicadas later this spring and, in case you don’t remember the last time cicadas invaded the landscape, it’s expected to get very noisy in some places. Read on to learn about the explosion of cicadas in North Carolina in the coming months.

With so many species of cicada, it’s possible for a different brood to appear every year. Do you recall seeing or hearing cicadas in your neck of the state in previous years?
Original Post in onlyinyourstate.com on 3/29/2020

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