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.
Guided by Integrity. Backed by Experience. Search the Gulf with Meredith Amon.
Meredith Amon is a Gulf Coast Expert Real Estate Advisor, licensed in Alabama and Florida. She specializes in helping buyers and sellers navigate the buying and selling of homes along the Gulf Coast.
#searchthegulf #meredithamon #becausewelivehere
Search Coastal Alabama Homes and Real Estate For Sale
- All Listings
.gif){kind=logo}
Best Income-Producing Condo in Orange Beach, Alabama | Investor Insight by Meredith
What Is the Best Income-Producing Condo in Orange Beach, Alabama?
Investor’s Resource for Orange Beach Condos
I get asked this constantly: “Meredith, what’s the best condo in Orange Beach to buy for income?” It’s a smart question. But it’s also the wrong way to look at it. The better question is,…
Ask A Question or Sign Up To See New Real Estate Listings Before Your Competition
When it comes to finding the home of your dreams in a fast-paced market, knowing about new listings as soon as they are available is part of our competitive advantage.Sign up to see new listings in an area or specific community. Contact Meredith with any questions you may have.
Posted by Meredith Folger Amon on
Leave A Comment