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Fall Home Buying

fall home financingIt’s pretty common knowledge that real estate is influenced by the economy, job market, and mortgage interest rates.  However, you might not know that it’s also influenced by the seasons.  Fall is one of the busiest times in the year to buy a home; it’s only secondary to the amount of homes purchased in the spring.  The reason why fall is such a popular time to buy a home is because there are so many benefits associated with the season.  Some of these fall home buying benefits are:

Staying On Top of the Weather.

When you buy a home in the fall, you are avoiding the weather-related downsides associated with winter.  If you live in a city that has harsh winters, you will want to avoid moving in while dealing with low temperatures and icy roads.  On the opposite end, you also avoid moving in while dealing with high temperatures and dehydration.

Tax Breaks with the End of the Year.

In the fall, you might be starting to think about what tax breaks you can qualify for at the end of the year.  If you purchase a home, you will be able to enjoy a greater amount of tax breaks than you would normally.  You can deduct both your property taxes and mortgage interest from your income.  Interest that is prepaid before your first payment is due can also be deducted from your income if you close on your home before the year ends.

Today's Low Rates

30 Year Fixed 3.875% 3.93%
15 Year Fixed 3% 3.06%
5/1 Arm 3.5% 3.672%
All rates shown with 0 points

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