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
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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.
It's believed that more than 3,000 species of cicada exist worldwide.
Commonly mistaken for locusts, cicadas are known for living underground as nymphs for as little as one year to 13-17 years before emerging to breed and lay eggs again in the bark of trees that dot the landscape.
They exist in a number of emergence patterns, including annual cicadas and periodic cicadas. Both remain underground as nymphs when not actively breeding.
Don't be surprised if you find yourself covering your ears. A single cicada has the capability to damage a human's hearing. Its 'song' has been clocked as high as 120 decibels!
It's no wonder that a group of cicadas is called a CHORUS!
The concert will begin when the soil reaches 64 degrees at least eight inches below the surface. The emergence also often coincides with a spring rainfall in late April to early May.
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?
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