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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$1,075,000

29841 W Spring Branch Road, Elberta

3 Beds 2 Baths 1,938 SqFt Residential MLS® # 384259

Coldwell Banker Reehl Prop Fairhope PHONE: 251-610-9040

$1,075,000

27582 Canal Road Unit 2513, Orange Beach

3 Beds 4 Baths 2,342 SqFt Residential MLS® # 383108

RE/MAX of Orange Beach 251-240-5287

$1,075,000

24880 Perdido Beach Boulevard Unit 706, Orange Beach

3 Beds 3 Baths 1,943 SqFt Residential MLS® # 385692

Goode Realty, LLC

$1,073,000

↓ $7,000

341 Boykin Court S, Gulf Shores

4 Beds 3 Baths 1,800 SqFt Residential MLS® # 354155

RE/MAX Realty Professionals

$1,070,000

Peninsula Boulevard Unit 1, Gulf Shores

3 Beds 3 Baths 2,145 SqFt Residential MLS® # 377763

RE/MAX of Gulf Shores

$1,065,000

↓ $10,000

361 Cypress Lake Drive, Gulf Shores

3 Beds 4 Baths 3,026 SqFt Residential MLS® # 380597

Roberts Brothers Inc. Gulf Coa PHONE: 619-772-2261

$1,059,000

↓ $20,000

28105 Perdido Beach Boulevard Unit C703, Orange Beach

3 Beds 3 Baths 1,796 SqFt Residential MLS® # 382063

Caribe Realty, Inc. PHONE: 251-747-1232

$1,050,000

↓ $20,000

23972 Perdido Beach Boulevard Unit 2302, Orange Beach

3 Beds 4 Baths 1,926 SqFt Residential MLS® # 375419

Farmstead Real Estate and Deve

$1,050,000

↓ $100,000

23972 Perdido Beach Boulevard Unit 1406, Orange Beach

3 Beds 4 Baths 1,958 SqFt Residential MLS® # 384935

Brett R/E Robinson Dev OB Main: 251-981-6180

$1,050,000

↓ $25,000

29235 Perdido Beach Boulevard Unit 403, Orange Beach

3 Beds 3 Baths 1,862 SqFt Residential MLS® # 378237

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

$1,050,000

35878 Boykin Boulevard, Lillian

3 Beds 3 Baths 2,848 SqFt Residential MLS® # 385447

RE/MAX of Orange Beach PHONE: 251-583-6802

$1,050,000

↓ $50,000

28103 Perdido Beach Boulevard Unit B-ph6, Orange Beach

3 Beds 3 Baths 1,706 SqFt Residential MLS® # 377071

RE/MAX Gulf Properties

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