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Mortgage Market Update
Trey Camp
Edge Home Finance LLC
Thursday, August 20, 2026
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Why home sales are holding steady (and what it means for you) |
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The housing market continues to surprise skeptics this summer. Even with mortgage rates staying elevated, home sales have remained remarkably stable—and we're breaking down what that means for your buying or selling timeline.
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Smart Money Habits
Why your mortgage payment stays the same (and why that matters)
One of the best features of a fixed-rate mortgage is predictability. Your monthly payment—principal, interest, taxes, insurance—stays the same for the life of your loan. That means you can plan with confidence, knowing exactly what you'll owe each month, year after year. This stability is especially valuable when life gets unpredictable. It also means that as your income grows over time, that same payment becomes easier to manage. While rates in the market move up and down, your rate and payment stay locked in. Understanding this can help you see your mortgage not as a burden that changes, but as a solid foundation you can build your financial life around.
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Tip of the Week
If your credit score is below 740, even small improvements before applying for a mortgage can save you thousands over the life of the loan.
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Tips for Homeowners
Weatherproofing Your Home Before Winter
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1.
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Clean your chimney if you have a fireplace. The National Fire Protection Association recommends annual inspection and cleaning to prevent chimney fires.
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2.
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Check attic insulation and ventilation before winter. Inadequate insulation leads to heat loss, higher energy bills, and ice dams on the roof that can cause significant damage.
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3.
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Inspect weatherstripping on all exterior doors. A simple dollar-bill test works: close the door on a bill — if you can pull it out easily, your weatherstripping needs replacing.
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Mortgage News Daily
Existing-home sales dipped only slightly in July, falling 1.7% from June but still running ahead of last year. The market is showing real resilience even as mortgage rates remain elevated, suggesting that many buyers and sellers are finding ways to make moves work.
| Key takeaway: a stable sales market means less urgency to panic—whether you're buying or selling, you still have time to make the right decision for your situation. |
Read full article →
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Mortgage News Daily
New single-family home sales rebounded 1.6% in June after a weak May, though they're still running about 6% below last year's pace. Builders are seeing a bit of breathing room, but high prices and mortgage rates continue to challenge buyers looking to go the new-construction route.
| Key takeaway: if you're shopping for a new home, the recent uptick in sales suggests more inventory may be available, but affordability remains the real barrier. |
Read full article →
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Mortgage News Daily
Pending home sales fell 5.4% in June compared to May, signaling that fewer buyers are getting their offers accepted on existing homes. Record-high prices combined with elevated mortgage rates are making it harder for many families to take the leap into homeownership.
| Key takeaway: a slowdown in pending sales often means less competition for the homes that do hit the market, which could work in your favor as a buyer. |
Read full article →
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Mortgage News Daily
Home builder sentiment weakened again in July, with the industry confidence index dropping to its lowest levels since the 2008 recession recovery. Builders cite affordability challenges and economic uncertainty as they pull back on new projects and remain cautious about the months ahead.
| Key takeaway: reduced builder confidence often leads to fewer new projects starting, which could eventually tighten new-home inventory and affect your options down the road. |
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
361.232.9117 | loansbytrey.com
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