How long will this mortgage drought last?

Australia has always suffered heat and flood, but a detailed seasonal rainfall reconstruction of the last 800 years shows the extremes are intensifying. Recent Australian droughts may be the worst.

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30 Year Fixed Rate Mortgage. There are usually no pre-payment penalties with a 30-year fixed rate mortgage. The low payments allow the homebuyer to use their extra money for investing and on other expenses. If rates rise the homeowner is protected, but if rates fall the homeowner can refinance into a lower rate loan.

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With El Niño being a major player in the demise of the Texas drought, the question is will the same. "There is uncertainty about how long El Niño will last and when it will peak." There is some.

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No one can really know for sure how long a drought will last, but the people most likely to know are weather scientists called meteorologists. They look at the way air and water is moving around the Earth and have complex models (based on science and observations from the past) to help them predict what will happen in the future.

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The most vulnerable communities have suffered consecutive years of drought. This season’s Gu long rains (March to May. Food aid levels have "significantly declined" compared with last year. A $700.

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Whilst the Bureau of Meteorology’s monthly Drought Statement focuses on rainfall deficiencies for periods up to two years duration, we monitor rainfall deficiencies and impacts on water resources on longer timescales such as the current severe multi-year drought affecting large parts of eastern Australia.

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