10/19/2026
Mythbusting Monday!
Myth - The round k**b on a staircase newel post was called a mortgage button and indicated that the mortgage on the house had been paid off. It would have been put in place when the paid off mortgage was inserted into the post.
If only this myth was true. It makes a good story, but there is no evidence of it being true despite people trying to verify its authenticity for years. There have never been any mortgages found in newel posts nor has there ever been anything written about a person doing this. In addition, newel posts sport "mortgage buttons" from homes dating to the 17th century, before banks were established in this country.
Due to the lack of documentation on this one, we are going to have to say it's busted!