Interest rates have been the main headline for what feels like three years straight. I like to think of them the way I think about Maine weather: if you wait for a perfectly still, seventy-degree day to go for a hike, you will spend your whole life inside. The same goes for the housing market. Waiting for “perfect” conditions usually means missing moments that were perfectly good.
The truth is that buyers in Southern Maine are adjusting far faster than the headlines suggest. Even with rates hovering around 6.2 percent this week, many wonder how the current market is still moving. In Yarmouth and Cumberland, it affects their buying or selling plans. Homes that feel cared for and lived in, especially in areas like Yarmouth and Cumberland, continue to attract attention, because a view of a Casco Bay sunset or a quiet street in Falmouth Foreside isn’t something interest rates can take away.
What I am seeing, both with my buyers and in the broader market, is that the people shopping right now are serious. They want a place to build a life and feel confident about their next chapter, regardless of interest rates.
I always remind clients that rates are just one piece of the picture. Inventory remains low, demand for Coastal Maine continues to grow, and refinancing down the road is always an option once rates settle. What matters most is whether the home fits the life you want to build here.
If you’re unsure how current rates impact your plans, I’m always happy to walk through the numbers with you. Sometimes a little clarity is all you need.
