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Mortgage Market Update
Trey Camp
Edge Home Finance LLC
Monday, September 21, 2026
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Miami Realtors + RWorld forms new education partnership |
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Welcome to your mortgage market update from Trey Camp for Monday, September 21, 2026. This week we've rounded up the latest news from HousingWire and Mortgage News Daily so you have everything you need in one place. Read on for the stories that matter most to homebuyers and homeowners right now.
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Home Equity
You May Have More Home Equity Than You Think
Home values in most areas have climbed over the past few years, and that means many homeowners are sitting on more equity than they realize. Equity is simply the difference between what your home is worth and what you still owe — and it's one of the most useful financial tools you have. You can tap it to consolidate higher-interest debt, fund a renovation, or cover a big expense, often at a much lower rate than a credit card or personal loan. The first step is knowing your number. A quick review of your current balance and an updated value estimate tells us how much you have to work with and what options make sense. No pressure — just a clear picture of where you stand.
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Tip of the Week
Replace weatherstripping around exterior doors every few years. It's one of the cheapest ways to improve energy efficiency.
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Tips for Homeowners
USDA Loans: A Zero-Down Option for Rural Buyers
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USDA loans offer 100% financing (no down payment) for eligible properties in USDA-designated rural and suburban areas. The USDA's eligibility map may include areas closer to cities than you'd expect.
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USDA loans have income limits — typically 115% of the area median income. Both the property location and borrower income must qualify.
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There's an upfront guarantee fee (1% of the loan) and an annual fee (0.35% of the balance). These are lower than FHA mortgage insurance and can be rolled into the loan.
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HousingWire
Classes are available in person, by livestream and online
| Key takeaway: Classes are available in person, by livestream and online |
Read full article →
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Mortgage News Daily
Pending home sales edged higher in August as gains in the South and West offset declines in the Northeast and Midwest. The National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI), which tracks signed contracts on existing homes, increased 0.3% from July but was down 4.7% from a year earlier. The modest increase came despite another period of elevated mortgage rates. NAR Chief Econo
| Key takeaway: Pending home sales edged higher in August as gains in the South and West offset declines in the Northeast and Midwest. |
Read full article →
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HousingWire
The initiative is supported by a $600,000 grant from Airbnb over three years
| Key takeaway: The initiative is supported by a $600,000 grant from Airbnb over three years |
Read full article →
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Mortgage News Daily
Residential construction was mixed in August as housing starts recovered in the single-family sector, while building permits declined from July levels and completions fell sharply. The latest Census Bureau data points to continued unevenness in residential construction, with builders pulling back somewhat on new authorizations even as single-family construction picked up. Privately owned housing s
| Key takeaway: Residential construction was mixed in August as housing starts recovered in the single-family sector, while building permits declined from July levels and completions fell sharply. |
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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