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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$875,000

4050 Muirfield Court, Gulf Shores

4 Beds 3 Baths 2,357 SqFt Residential MLS® # 386251

Waters Edge Realty PHONE: 251-256-6127

$870,000

↓ $10,000

28105 Perdido Beach Boulevard Unit C514, Orange Beach

3 Beds 3 Baths 1,796 SqFt Residential MLS® # 377096

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

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$869,900

30610 Ono North Loop, Orange Beach

4 Beds 4 Baths 2,251 SqFt Residential MLS® # 386598

RE/MAX Paradise

$869,000

↓ $21,000

27770 Canal Road Unit 2408, Orange Beach

3 Beds 3 Baths 1,710 SqFt Residential MLS® # 385250

Coldwell Banker Reehl Prop Fairhope PHONE: 251-554-8777

$869,000

↓ $60,000

8743 Greenwich Court, Gulf Shores

4 Beds 4 Baths 2,208 SqFt Residential MLS® # 374066

Signature Properties

$869,000

5307 Florida Avenue, Orange Beach

3 Beds 3 Baths 2,200 SqFt Residential MLS® # 373500

Signature Properties

$864,900

↓ $10,000

113 Sand Dune Drive, Gulf Shores

3 Beds 3 Baths 1,755 SqFt Residential MLS® # 383253

eXp Realty Southern Branch PHONE: 251-550-3730

$859,899

↓ $1

9354 Lorrain Court, Gulf Shores

3 Beds 4 Baths 2,483 SqFt Residential MLS® # 383896

LPT Realty, LLC

$859,000

603 Cedar Street, Foley

12 Beds 8 Baths 2,322 SqFt Residential Income MLS® # 384958

RE/MAX of Orange Beach PHONE: 251-228-2115

$854,900

28107 Perdido Beach Boulevard Unit D416, Orange Beach

2 Beds 2 Baths 1,602 SqFt Residential MLS® # 382746

Bellator Real Estate, LLC PHONE: 251-591-2003

$852,000

↓ $7,542

527 E Beach Boulevard Unit 802, Gulf Shores

3 Beds 3 Baths 1,725 SqFt Residential MLS® # 381200

RE/MAX of Gulf Shores

$850,000

28105 Perdido Beach Boulevard Unit C808, Orange Beach

2 Beds 2 Baths 1,682 SqFt Residential MLS® # 378307

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

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