Well, a super-quick way to see if one or more effects are doing this is to temporarily bypass the effects, by hitting the 'E' key on your computer keyboard, to see if the problem goes away.
If toggling the Effects Bypass does fix it, then indeed one or more effects loaded in the project are the culprit, most likely on that track, but I suppose it could still be somewhere else in the project (dunno for sure).
Hitting 'E' again will toggle your effects back on, by the way.
Some effects are either heavy CPU users, or use things like look-ahead processing. These kinds of effects are meant to be used post tracking, for mixing/mastering.
Bob Bone