Mortgage Rates - Time to Buy in LBILast week mortgage rates dropped to a new all-time low with an average of 3.15 percent over a 30-year fixed rate and as low as 2.62 percent for a 15-year fixed
2017 Atlantic Hurricane Season Is Here
The season began on June 1st and will run until November 30th. The following is some terminology to help you understand what you hear the weather forecaster say.
Tropical Depression: a tropical cyclone in which the maximum sustained surface wind is 38 mph (33 knots) or less.
Tropical Storm: a warm core tropical cyclone in which the maximum sustained surface wind is in the range of 39 to 73 mph (34-63 knots).
Advisory: a formal message from the National Hurricane Center giving watch and warning information along with details of the tropical disturbance location, intensity, movement and precautions that should be taken. Advisories are numbered consecutively for each storm. Remember though, tropical disturbances are not given names until they reach the storm stage – that is, rotary circulation, and constant winds over 38 mph. Advisories are issued at six (6) hour intervals. Each message will give the name, center (eye) location, and forecast movement of the tropical disturbance. Hurrican watches or warnings are examples of advisories that may be issued.
Hurricane Watch: a warning that hurricane conditions are a possibility and may threaten the area within a 48 hour time frame. It also means that you should take action to purchase supplies and secure your home.
Hurricane Warning: means that winds speeds of at least 74 mph, ranging up to 200 mph or more, are to be expected in the area within a 36 hour time frame. There is a possibility of an evacuation. Be ready to move quickly if such an order is issued by authorities. Time can be a lifesaver.