Inspired by Jim's analysis of the timing of closings in Charlottesville, I thought I'd take a look to see how many closings typically happen on each day of the month. 



The data above shows how many homes closed in Harrisonburg and Rockingham County on each day of the month for the past year.  There are certainly plenty of closings pushed towards the end of the month --- though not as many as I suspected. 

Buyers often tend to close towards the end of the month to bring less money to closing --- though you the end up owing your first mortgage payment more quickly.

August 15 closing

• Pay interest for August 15 - August 31 at closing  (about half a mortgage payment)
  
• First Mortgage Payment due October 1 (in about a month and a half)
  

August 30 closing

• Pay interest for August 30 - August 31 at closing  (a very small amount)
  
• First Mortgage Payment due October 1  (in about a month)
  

Perhaps more interesting is that twice as many closings take place on Fridays than any other day....