Did Interest Rates Go Down Today? Here’s What Gulf Coast Buyers Should Know

By Meredith Amon, Licensed in Alabama and Florida

As a Gulf Coast real estate advisor, one of the most common questions I hear is, “Did interest rates go down today?” I check the markets daily, because small movements can impact both buyers and sellers in Orange Beach, Gulf Shores, and on Ono Island.

Today, rates actually held steady to slightly higher. National averages for a 30-year fixed mortgage are hovering in the mid-6% range. While that may feel elevated compared to the ultra-low rates of a few years ago, it’s important to remember that the Gulf Coast market continues to see healthy activity.

What This Means for Buyers

For buyers, even a fraction of a percent in rate change can affect affordability. On a $1M waterfront home, a .25% swing can change monthly payments by several hundred dollars. That’s why I encourage my buyers to shop lenders, consider rate-buydowns, and keep an eye on upcoming Fed announcements.

A neighbor recently told me, “We locked when rates were flat for a few weeks, and it made all the difference in being able to purchase our Ono Island home.” Timing matters, but so does strategy.

What This Means for Sellers

Sellers often ask if higher rates slow demand. The truth is, in lifestyle-driven markets like ours, people buy for the Gulf Coast experience—boating, fishing, and sunsets over Bayou St. John—not just the interest rate. That said, pricing correctly and presenting a home beautifully makes all the difference when rates fluctuate.

My Take

I’ve seen many cycles in over two decades of selling real estate. What I’ve learned is that the best opportunities often come when the market feels uncertain. Serious buyers are still out there, and sellers who position their homes properly can stand out.

If you’re thinking about buying or selling, I’d love to walk you through how today’s rates fit into your real estate goals. Start your search at the Gulf Coast’s premier website: www.searchthegulf.com.

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$519,900

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473 E 2nd Avenue, Gulf Shores

3 Beds 2 Baths 1,098 SqFt Residential MLS® # 377893

Keller Williams AGC Realty-Da PHONE: 251-716-6325

$519,900

24568 Perdido Beach Boulevard Unit 807, Orange Beach

2 Beds 2 Baths 1,000 SqFt Residential MLS® # 385825

Kaiser Sotheby's Int Realty-Fa Main: 251-929-4777

$519,000

957 West Beach Boulevard Unit 1303, Gulf Shores

2 Beds 2 Baths 920 SqFt Residential MLS® # 384849

eXp Realty Southern Branch PHONE: 251-550-3730

$519,000

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23060 Perdido Beach Boulevard Unit 201, Orange Beach

2 Beds 2 Baths 780 SqFt Residential MLS® # 384968

RE/MAX of Orange Beach PHONE: 251-424-5766

$519,000

↓ $6,000

407 W Beach Boulevard Unit 873, Gulf Shores

2 Beds 2 Baths 821 SqFt Residential MLS® # 377098

RE/MAX of Orange Beach PHONE: 334-654-0750

$519,000

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24400 Perdido Beach Boulevard Unit 614, Orange Beach

1 Bed 1 Bath 801 SqFt Residential MLS® # 386030

Keller Williams AGC Realty-Da PHONE: 251-680-6898

$517,000

1013 W Lagoon Avenue, Gulf Shores

2 Beds 1 Bath 640 SqFt Residential MLS® # 385474

Keller Williams AGC Realty-Da PHONE: 251-716-6325

$515,000

↑ $10,100

511 E Beach Boulevard Unit 503, Gulf Shores

2 Beds 2 Baths 882 SqFt Residential MLS® # 369823

RE/MAX of Orange Beach CELL: 251-504-9224

$515,000

24520 Broken Sound Loop, Orange Beach

5 Beds 3 Baths 2,556 SqFt Residential MLS® # 384452

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$515,000

1117 West Beach Boulevard Unit 801, Gulf Shores

2 Beds 2 Baths 930 SqFt Residential MLS® # 386588

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1051 W Beach Boulevard Unit 3b, Gulf Shores

2 Beds 2 Baths 1,000 SqFt Residential MLS® # 385197

Century 21 J Carter & Company PHONE: 251-948-8008

$515,000

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24400 Perdido Beach Boulevard Unit 011, Orange Beach

1 Bed 1 Bath 793 SqFt Residential MLS® # 377853

RE/MAX of Orange Beach PHONE: 225-247-4655

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