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    Fall’s certainly the season for pumpkin-carving, hayrides, and apple cider tasting, but more importantly? It’s also a great time to buy a house.

    Both the current market and historical trends point to good home-buying conditions for Americans this fall. From low mortgage rates to increasing budgets, there’s plenty to be optimistic about going into this season.

    Are you thinking about buying a home in the near future?

    Here’s why fall may be the right time to buy a house

    1. You might pay less for your house.

    Statistically speaking, you could save a lot of cash by buying a house in the fall.

    According to the Journal of Housing Research, home prices are lowest in the fourth quarter of the year. What’s more? Data from Zillow shows you can save anywhere from $2,000 to $4,000 just by buying in November or December. (That’s extra money for furniture, decor, or even just covering the costs of that moving van). 

    2. Your mortgage payment might be lower, too.

    Mortgage rates are hovering around historic lows and have been for some time. These lower rates can mean a lower monthly payment and less paid in interest over the life of your loan.

    3. You might be able to afford more.

    Low mortgage rates have another perk: They might expand your home-buying budget. You could potentially get a bigger, more expensive house with the same monthly payment. (This could be a good option if you’re looking for a larger or more spacious property to socially distance or work from home in).

    4. You’ll likely face less competition. says the first week of fall (the week of Sept. 22) is one of the least competitive home buying weeks out there. You’ll face 26% less competition than you would at other times of the year (and nearly 30% less if you live in the West).

    Even better? Nearly 6% of homes see a price reduction during this week.

    Are you considering a home purchase?

    If you’re thinking about buying a home this fall (or even just refinancing your existing loan), then reach out to Embrace Home Loans for personalized guidance today.

    We can walk you through your financing options, as well as the projected costs of your purchase or refinance.

    Your mortgage options for a smooth journey home.

    Get expert guidance and personalized solutions for a stress-free mortgage experience.