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Mortgage Market Update
Jon Taw
Edge Home Finance
Monday, October 12, 2026
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Home Prices Keep Climbing, Just Not Everywhere |
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Welcome to your mortgage market update from Jon Taw for Monday, October 12, 2026. This week we've rounded up the latest news from Mortgage News Daily and HousingWire 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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National Mortgage Rates · October 8, 2026
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Conventional 30-Year
7.42%
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Rate Watch
What This Week's Rate Movement Means for Your Payment
Mortgage rates move a little almost every week, and small shifts add up to real dollars on your monthly payment. On a typical loan, even a quarter-point change can mean $50 or more a month — money that's better in your pocket. The good news: you don't have to time the market perfectly. What matters most is being ready, with your credit in good shape and your documents handy, so when a window opens we can move quickly. If you bought or refinanced in the last couple of years, it's worth a five-minute check to see whether today's rates could lower your payment. There's no obligation and no cost to run the numbers — just clarity on where you stand.
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Tip of the Week
Keep major renovations in line with your neighborhood. Over-improving for the area limits your return at resale.
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Tips for Homeowners
Self-Employed Mortgage Tips
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1.
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Self-employed borrowers typically qualify based on net income from their tax returns, not gross revenue. Two years of returns are standard, and lenders average the two years — a bad year hurts you.
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2.
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Write-offs reduce taxable income, which is great for taxes but bad for mortgage qualification. Consider whether maximizing deductions in the 1–2 years before applying is worth it.
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3.
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Bank statement loans are an alternative for self-employed borrowers. Instead of tax returns, lenders use 12–24 months of bank deposits to calculate income. Rates and requirements vary by lender.
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Mortgage News Daily
Home prices picked up a little more speed in July, as both FHFA and the S&P Cotality Case-Shiller Home Price Indices showed stronger annual appreciation than in their previous readings. The gains remain relatively modest by historical standards, and while nominal prices are still moving higher nationally, the picture looks considerably less impressive after accounting for inflation. The FHFA H
| Key takeaway: Home prices picked up a little more speed in July, as both FHFA and the S&P Cotality Case-Shiller Home Price Indices showed stronger annual appreciation than in their previous readings. |
Read full article →
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HousingWire
The land banking and land development firm has 48,000 lots under control or under development in eight states across the Southeast
| Key takeaway: The land banking and land development firm has 48,000 lots under control or under development in eight states across the... |
Read full article →
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Mortgage News Daily
The new home market returned to the longer-term range last month, with sales seeing their 4th biggest rebound in 4 years. Sales of new single-family homes rose to a seasonally adjusted annual rate of 684,000 in August, up 6.4% from July's revised 643,000 but 2.0% below the same month last year. The increase puts sales back above the 600,000 mark after July's pullback, although the broader tr
| Key takeaway: The new home market returned to the longer-term range last month, with sales seeing their 4th biggest rebound in 4 years. |
Read full article →
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HousingWire
New survey found that North America is expected to account for much of the projected growth
| Key takeaway: New survey found that North America is expected to account for much of the projected growth |
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 Jon Taw team any time and we'll walk you through your options. |
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