Published by Michael J. Schiff, Team Leader, The Schiff Home Team of eXp Realty
Love is in the air – and for homebuyers and sellers in the Maryland and Baltimore area, so are some encouraging market developments. As we head into February 2026, mortgage rates are holding near attractive levels, buyer interest is beginning to stir, and early signs suggest that the spring selling season could be more dynamic than many expected.
Whether you’re thinking about buying, selling, or just planning for your next move, this Valentine’s themed look at the market is designed to help you understand where things stand…and why now might be the time to fall in love with your real estate goals again.
Mortgage Rates: Near Three‑Year Lows
After years of volatility, mortgage rates have largely settled into a more affordable range. According to Freddie Mac, the average 30‑year fixed mortgage rate was about 6.11 % as of early February – near the lowest levels we’ve seen in years and noticeably below the nearly 6.9 % rate seen a year ago.
Locally, Maryland’s mortgage rates tell a similar story. Data from state rate reports shows Maryland 30‑year fixed rates are hovering in the mid‑to‑low 6 % range, depending on loan type and buyer profile.
This consistency near 6 % matters because it gives buyers more predictable monthly payments and stronger buying power compared with recent years – especially if prices remain relatively stable in early 2026.
Buyer Interest Is Stirring – Even Before Spring
National housing data for January revealed some promising trends: pending home sales and new listings were both up, indicating that buyers and sellers are emerging from winter hibernation earlier than usual.
While Baltimore‑area data tends to lag national aggregates, local agents report more scheduled showings, inquiries, and buyer engagement in recent weeks. Early purchasing activity ahead of spring can mean:
- Less competition than peak spring frenzy
- Better negotiating position for prepared buyers
- More serious sellers willing to consider offers before March
Whether you’re waiting for a sign to jump in or simply watching from the sidelines, this early activity is a positive signal for the coming months.
Affordability Is Improving… Slowly but Surely
National forecasts for 2026 predict modest price growth and increasing inventory, which together can help ease affordability pressures. Mortgage rates averaging near 6-6.3 % – compared with higher peaks in recent years – also ease monthly payment burdens for many buyers.
For Maryland buyers in particular, this can be a sweet spot for several reasons:
- Lower rates enhance buying power even if home prices rise slightly
- More listings mean more choice early in the season
- Sellers active now are often motivated and serious about making deals
Put together, these trends create a balanced environment that rewards preparedness and strategy, not speed.
What This Means for You
Buyers:
If you’ve been waiting for rates to improve or inventory to broaden, early 2026 may be your moment. With rates near historic norms (outside of the pandemic lows), you can get a clearer snapshot of affordability before spring competition intensifies.
Sellers:
Homes priced right for the market now may stand out because the pool of serious buyers is growing earlier in the year. Think about staging, timing, and pricing strategically to take advantage of this window.
Everyone:
Being informed and prepared ahead of typical spring rushes gives you leverage – whether in negotiation, planning, or timing your move. Starting your real estate journey with intention now might help you meet your goals sooner.
Just like a great Valentine’s story, real estate success in 2026 comes down to timing and connection. The current rate environment, shifting buyer interest, and early signs of momentum give Maryland buyers and sellers a reason to feel optimistic.
If you’re curious about what this market means for your specific goals – whether buying your first home, moving up, or selling – let’s talk. This Valentine’s Week could be the perfect moment to fall in love… with your next move.