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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 brought some sobering news from the construction side of the market, plus a reality check on home affordability. Here's what's shifting beneath the surface.
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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
Home builders' confidence dropped sharply in October as higher mortgage rates, rising construction costs, and labor shortages squeeze their ability to build profitably. This matters to you because fewer new homes being built can tighten the overall housing supply and potentially push prices higher over time.
| Key takeaway: A slowdown in new home construction now could mean even less inventory for buyers in the coming year. |
Read full article →
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Mortgage News Daily
National home prices picked up momentum in July, but the gains look much smaller when you account for inflation. Some regions are seeing stronger appreciation than others, creating winners and losers depending on where you live.
| Key takeaway: Before you assume prices are skyrocketing everywhere, check what's actually happening in your specific market. |
Read full article →
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HousingWire
With affordability tight, home shoppers are rethinking what matters most in a home—and it's not always the lowest price tag. Builders and sellers who understand these shifting priorities are winning with buyers.
| Key takeaway: Today's buyers are weighing total value differently, so highlighting features beyond square footage can make a real difference. |
Read full article →
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HousingWire
Half of Gen Z workers have independent or side-income sources that traditional lending rules don't easily measure. Lenders are adapting by looking more carefully at actual cash flow rather than just W-2 income, opening doors for self-employed and freelance borrowers.
| Key takeaway: If you're self-employed or earn variable income, modern lenders have better tools now to show you actually qualify for a mortgage. |
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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