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Mortgage Market Update
Trey Camp
Edge Home Finance LLC
Tuesday, October 20, 2026
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Why builders are pulling back (and what it means for you) |
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This week we're seeing some real pressure on new home construction and builder confidence. Here's what's happening in the market and how it could affect your homebuying plans.
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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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HousingWire
The National Association of Home Builders' confidence index dropped sharply in October to its lowest level since mid-2012. Higher mortgage rates, rising construction costs, and labor shortages are making it harder for builders to maintain healthy profit margins, which means fewer new homes may hit the market.
| Key takeaway: fewer new homes for sale could mean less inventory choice and potentially stronger price pressure as time goes on. |
Read full article →
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HousingWire
Click the link below to read the full article.
| Key takeaway: affordability concerns are real right now, so focus on what genuinely fits your budget rather than stretching to buy in the current market. |
Read full article →
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Mortgage News Daily
Home prices picked up modest gains in July across most of the country, though the pace remains well below historical norms. When you adjust for inflation, the picture looks even less impressive, meaning your home's value isn't racing ahead like it did a few years back.
| Key takeaway: this slower appreciation environment takes some pressure off the buy-now-or-be-priced-out feeling, giving you more time to make the right decision. |
Read full article →
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Mortgage News Daily
Signed contracts on existing homes ticked up slightly in August, with strength in the South and West offsetting weakness elsewhere. Even with elevated mortgage rates, there are still buyers in the market—though activity remains below where it was a year ago.
| Key takeaway: regional differences matter right now, so it's worth understanding how your local market stacks up against national trends. |
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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