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Maryland Fishing Report – December 6

Fishing for smallmouth bass and walleye has been good – cooler water temperatures always get these two fisheries going and they should last through much of the winter. Deep Creek Lake, Prettyboy Reservoir, and the upper Potomac and lower Susquehanna rivers are excellent places to fish for smallmouth bass. Deep Creek Lake, the upper Potomac and the lower Susquehanna hold good populations of walleye. Most anglers like to use root beer-colored tubes and a mix of soft plastic swimbaits, and crankbaits for smallmouth bass; and soft plastic jigs, swimbaits, jerkbaits, and small crankbaits for walleye.

Trout fishing in many of the specialized trout management waters is very good this week for those who enjoy catch-and-release and fly fishing. The preseason stocking of trout will begin soon, so trout anglers should start checking the DNR trout stocking website.

Largemouth bass are beginning to feel the effects of colder water temperatures and are generally holding in depths of six feet or more. with moving even deeper. Structure is a key item to focus on this time of the year. Sunken wood, steep drop-offs, bridge piers, and rocks are all worthy of extra attention when largemouth bass fishing. 

Small, slow, and close to the bottom is your mantra when fishing for sluggish largemouth bass in colder waters. Wacky rigged worms worked slow and deliberate near structure is a proven tactic, pickups by largemouth bass will be subtle. Blade lures are a good lure to use in the deepest waters; slow-rolling a spinnerbait across the bottom can also work well. Craw jigs and small crankbaits worked very slowly along the bottom is another good tactic.

Fishing for crappie is good this week, and they can be found schooled up near deep structure. Sunken brush, bridge piers, marina docks, and fallen treetops all fit the bill. Slowly working a small minnow or marabou jig under a slip bobber near the structure usually works well. 

The cold winter months and fishing for chain pickerel go hand-in-hand. Anglers are having fun targeting the fish along shoreline sunken wood or deeper wood such as tree stumps in flooded reservoirs. The upper sections of the Bay’s tidal rivers is a great place to find chain pickerel, often near docks, pilings and fallen trees.

Anglers fishing with small minnows and Beetle-Spins will start to encounter yellow perch in the middle to upper sections of the Bay’s tidal rivers and creek. The fish  tend to wander farther up the waterways when water temperatures are as cool as they are. When water temperatures dip below 40 degrees they will travel down river to deep holes and channels where they will hold until warming spring temperatures bring on the urge to head upriver to spawn.

for more information in other areas Maryland Fishing Report – December 6

Dave Ramsey says it’s time to buy a house; mortgage rates decline

Ramsey first advises people considering the big decision to keep in mind that it’s not for everybody all the time.

“Ever heard someone say everyone should buy a house? Or that renting is a lot like flushing a whole bunch of money down the toilet every month?” he asked on Ramsey Solutions. “Yeah, we’ve heard that stuff too. And it’s nonsense! The truth is, not everyone should buy a house.”

The bestselling author is not being pessimistic. But he is setting up the financial reality for people who want to purchase a home. And now may well be the time to do it.

“If you sign the dotted line on a new home when you aren’t prepared financially and emotionally, the house will wind up being a curse instead of a blessing,” Ramsey suggested. “It will wind up owning you instead of the other way around. When you are prepared to buy a house, though, it can be a wonderful blessing for your family and a great way to build wealth.”

Ramsey offered a list of the critical things to consider when making the determination that the major financial opportunity is in order.

for more information Dave Ramsey says it’s time to buy a house; mortgage rates decline – TheStreet

Water & Sewer Master Plan Accepting Public Comment

The Garrett County Water & Sewer Master Plan is a document that supports the continued development of water supply and wastewater disposal in Garrett County, on a ten-year cycle. This plan is amended as needed, as systems are expanded, and improvements are proposed to better serve the County.

Thus far, three previous amendments have been made and a fourth amendment request was presented at the December 4, 2023 public meeting:

Map, Table and text update to add the Wisp Mountain Water Storage Tank-

1. To meet the source water storage and pressure needs of businesses and residents in the Deep Creek Lake Water System, a key area for heritage tourism in Garrett County.?

2. The Deep Creek Lake Water System currently serves 1,621 residential and 141 commercial customers, with an anticipated addition of 725 more customers.?

3. The existing Wisp Mountain Water Storage Tank, installed by a private developer, provides insufficient pressure and fire protection for some areas.?

4. The new tank will provide additional pressure (approximately 20 psi more) and storage capacity, allowing for further development and enhanced fire protection in the McHenry area?.

The details of the proposed amendment can be found in this presentation.

Comments will be accepted until December 18, 2023?. Email gccomments@garrettcounty.org or swigfield@garrettcounty.org? / 301-334-7477?.

US Mortgage Rates Slide Sharply, Reinvigorating Housing Demand

US Mortgage Rates Slide Sharply, Reinvigorating Housing Demand

(Bloomberg) — US mortgage rates dropped sharply, capping the biggest four-week slide in nearly a year and spurring a fresh round of applications to purchase homes.

The contract rate on a 30-year fixed mortgage tumbled 20 basis points to 7.41% last week, data from the Mortgage Bankers Association showed Wednesday. The index of home-purchase applications increased 3.9% in the week ended Nov. 17, the most since June.

Since reaching a 23-year high of nearly 8% in mid-October, mortgage rates have plunged nearly half a percentage point. The effective rate, which includes fees and compound interest, dropped to still-elevated 7.59%. In contrast, the five-year adjustable rate increased.

Mortgage rates tend to move in tandem with Treasury yields. The 10-year Treasury yield has fallen steeply this month after hitting a 16-year high in October, helped by signs the economy is cooling along with inflation.

The overall index of applications, which includes purchases and refinancings, rose for a third week, and refinancing activity picked up.

The MBA survey, which has been conducted weekly since 1990, uses responses from mortgage bankers, commercial banks and thrifts. The data cover more than 75% of all retail residential mortgage applications in the US.

for more information US Mortgage Rates Slide Sharply, Reinvigorating Housing Demand (yahoo.com)

Boomers Throw a Wrench Into Housing Market

With mortgage rates soaring and fewer homes for sale, Baby Boomers are dominating the housing market like a real-life game of Monopoly. The shifts in who is buying homes have been trending in that direction for quite some time, but it was confirmed this month by data released from the National Association of Realtors. As the Washington Post puts it, “grandparents have been edging out younger buyers who are struggling to get into the market for the first time.” The stats show that first-time buyers make up only 32% of home sales, down from 38% since 1981. Today first-time buyers are older—more likely to be in their mid-30s on average, as opposed to their mid-20s in the 1980s.

On top of that, repeat buyers, or people who have already purchased a home or two in the past, have a median age of 58 (it was 36 in 1981). These repeat buyers tend to have more money on hand because they sold past homes, with the typical seller in 2023 being age 60. (The youngest Boomers are 59.) “We are still talking about an incredibly difficult market for first-time buyers to enter, even if there’s slightly less competition,” Jessica Lautz of NAR tells the Post. “If there’s a multi-offer situation, an all-cash buyer or someone who has a lot of equity is likely to win. And that person is going to be older.” Along with older buyers being more likely to have generated wealth from recently selling a home, they also probably have great credit in their favor, and can make more attractive offers, throwing in cash sales or large down payments.

“They have the appearance of being more stable,” realtor Jennifer Dodd says, “and a sense of them being more able to complete this purchase.” CBS News reports that Boomers are buying more homes than originally expected—creating unexpected demand in an already competitive market. Reasons why older adults want to move include divorce and a spouse’s death, when they go on to form new households. In these situations, they are often in competition with first-time buyers, who are looking for similar types of homes: those with fewer bedrooms and minimal upkeep. NAR data also showed that 70% of recent homebuyers did not have children under the age of 18 (in 1985, that number was 42%). (Read more real estate news).

Oakland Embraces the Festive Spirit with Small Town Christmas Delight

Mark your calendars for the enchanting Small Town Christmas celebration in Oakland on December 8th, 9th, and 16th, 2023. Downtown Oakland is set to host an array of delightful, family-friendly activities that capture the essence of the holiday season.

The festivities kick off with a mesmerizing Light Up Night on Friday, December 8th, at the Oakland B&O Museum. The highlight of the evening is a charming Walking Holiday Light Parade, led by none other than Santa Claus himself, commencing from the Town Parking Lot at 5:30 PM. Everyone is welcome to join this festive stroll, culminating at the B&O Museum for the official tree lighting. This year, there’s a delightful new addition – Santa Paws! Dress up your furry companions in holiday-themed attire and let them be part of the parade. Indulge in complimentary cookies and cocoa courtesy of the Order of the Eastern Star, and treat yourself to a special surprise from Santa. The merriment extends to free sleigh rides for all attendees.

Continuing the jubilation on Saturday, December 9th, is Soup N’ Santa from 11:00 AM to 2:00 PM. Numerous nonprofits will be serving up heartwarming soups (donations appreciated), providing an opportunity to mingle with Santa, engage in kids’ activities, enjoy live music, take sleigh rides, explore local shops with exclusive discounts, and much more. Once again, your furry friends are invited to join in the festive atmosphere and have a memorable encounter with Santa.

In tandem with Oakland’s Great Small Town Christmas Event, the House of Hope presents the Bucks for Hope Drive on Saturday, December 9th, from 9:00 AM to 12:00 NN. Show your support for this noble cause by making cash donations on Second Street in downtown Oakland. While cash donations are preferred, non-perishable food items are also accepted. Originating in 1978 by Chuck Nolan, this food drive has garnered over $65,000 in donations and more than 80 pickup loads of food.

On Saturday, December 16th, immerse yourself in the sweetness of the Cocoa Crawl from 11:00 AM to 2:00 PM, featuring delectable treats as you wrap up your holiday shopping at select downtown businesses.

And don’t miss out on the Lucky Elf promotion, running through Monday, December 19th. With every $25 spent at participating stores in Oakland, you stand a chance to win a variety of enticing local gifts.

For a comprehensive list of Christmas activities and further details, check out the Town of Oakland, MD Facebook page or visit www.oaklandmd.com. Join us in creating lasting memories and spreading holiday cheer throughout Oakland!