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Mortgage Market Update
Trey Camp
Edge Home Finance LLC
Wednesday, October 21, 2026
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Home prices rising, but builders are worried |
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This week we're seeing a split picture: home prices continue climbing in most markets, but builders are hitting real headwinds. Here's what's happening and what it could mean for you.
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Refinancing Strategy
When does refinancing actually make sense?
Refinancing isn't always the right move—even when rates drop or your situation changes. The real question isn't whether you can refinance, but whether the benefit outweighs the cost and time involved. If you're staying in your home long enough, lower rates can absolutely pencil out. But if you're on the fence about your timeline, or your credit or income has shifted since you bought, that affects which programs actually work for you. I help borrowers run the real numbers so you can decide with confidence, not just because rates moved. If you've been wondering whether it's worth exploring, let's talk through your specific situation.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
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2.
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If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
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3.
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Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
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Mortgage News Daily
Both major home price indices showed stronger appreciation in July compared to their previous readings, though the gains remain modest by historical standards. When you account for inflation, the picture looks less impressive—prices are moving up, but not dramatically. This is important context if you're thinking about timing a purchase or sale.
| Key takeaway: home prices are moving higher in most places, but the pace of appreciation is moderate and varies significantly by region. |
Read full article →
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Mortgage News Daily
Builders are increasingly pessimistic about the market, with sentiment falling to its lowest point in over three years. Rising construction costs, labor shortages, and higher mortgage rates are squeezing their margins and making them hesitant to start new projects. Fewer homes being built today could mean tighter supply and higher prices down the road.
| Key takeaway: if builders are pulling back on new construction, the long-term supply of homes could get even tighter, which typically supports prices. |
Read full article →
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Mortgage News Daily
New home sales rebounded in August after a summer dip, with sales climbing back above the 600,000-unit mark. While the bounce was one of the four biggest in four years, sales remain slightly below where they were a year ago, suggesting the market is holding steady rather than surging. This is still relatively soft for a healthy market.
| Key takeaway: new home sales are stabilizing after a pullback, but they're not strong enough to significantly ease the tight overall supply of homes. |
Read full article →
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Mortgage News Daily
Signed contracts on existing homes inched higher in August, though the picture was uneven by region—gains in the South and West offset declines in the Northeast and Midwest. The overall increase was tiny and sales remain down compared to a year ago, showing that elevated mortgage rates are still putting a lid on buyer activity. Where you live matters more than ever.
| Key takeaway: regional variation is widening, so your local market's health may look very different from the national average. |
Read full article →
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Trey Camp team any time and we'll walk you through your options. |
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5860 Baker Road Minnetonka, MN 55345, Individual NMLS# 1377038, Company NMLS# 891464 Equal Housing Opportunity
NMLS# 1377038 · Company NMLS# 891464
361.232.9117 | loansbytrey.com
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