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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533 Wedgewood Drive, Gulf Shores

3 Beds 3 Baths 2,834 SqFt Residential MLS® # 384645

Engel and Volkers Gulf Shores

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12762 Mary Ann Beach Road, Fairhope

3 Beds 3 Baths 2,151 SqFt Residential MLS® # 385354

Waters Edge Realty PHONE: 251-401-1416

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22324 Us Highway 98, Foley

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Kim Ward Realty, LLC PHONE: 251-979-7101

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27501 Perdido Beach Boulevard Unit 210, Orange Beach

2 Beds 3 Baths 1,500 SqFt Residential MLS® # 372962

RE/MAX of Orange Beach PHONE: 251-981-2400

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505 E Beach Boulevard Unit 1c, Gulf Shores

2 Beds 2 Baths 1,015 SqFt Residential MLS® # 377821

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8648 Calverton Street, Foley

4 Beds 4 Baths 2,819 SqFt Residential MLS® # 383091

IPEX Realty, LLC

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29101 Perdido Beach Boulevard Unit 102, Orange Beach

2 Beds 2 Baths 887 SqFt Residential MLS® # 385048

Goode Realty, LLC

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24114 Perdido Beach Boulevard Unit 702, Orange Beach

1 Bed 1 Bath 723 SqFt Residential MLS® # 367152

Realty Executives Gulf Coast PHONE: 251-978-4078

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507 W Beach Boulevard Unit 304, Gulf Shores

3 Beds 2 Baths 987 SqFt Residential MLS® # 371341

RE/MAX of Gulf Shores

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433 W Beach Boulevard Unit 804, Gulf Shores

1 Bed 2 Baths 704 SqFt Residential MLS® # 375295

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22739 Inverness Way, Foley

4 Beds 3 Baths 2,740 SqFt Residential MLS® # 380037

Bellator Real Estate LLC Gulf PHONE: 251-978-1431

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427 E Beach Boulevard Unit 361, Gulf Shores

2 Beds 2 Baths 832 SqFt Residential MLS® # 375825

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