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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527 Beach Club Trail Unit D701, Gulf Shores

3 Beds 3 Baths 1,250 SqFt Residential MLS® # 379084

Real Broker, LLC

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622 Royal Troon Circle, Gulf Shores

5 Beds 3 Baths 3,025 SqFt Residential MLS® # 385956

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5305 Bayou St John Avenue, Orange Beach

3 Beds 3 Baths 2,200 SqFt Residential MLS® # 385733

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28107 Perdido Beach Boulevard Unit D209, Orange Beach

2 Beds 2 Baths 1,602 SqFt Residential MLS® # 379470

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

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28103 Perdido Beach Boulevard Unit B316, Orange Beach

2 Beds 2 Baths 1,401 SqFt Residential MLS® # 381561

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

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5330 Wolfhead Avenue, Orange Beach

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Goode Realty, LLC

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1932 W Beach Boulevard Unit Q, Gulf Shores

2 Beds 3 Baths 1,362 SqFt Residential MLS® # 376826

RE/MAX of Orange Beach PHONE: 251-597-9686

$765,000

504 E Beach Boulevard, Gulf Shores

3 Beds 4 Baths 1,754 SqFt Residential MLS® # 379623

Kaiser Sotheby's Int-GS PHONE: 251-978-0745

$765,000

571 Gulfview Drive, Gulf Shores

3 Beds 3 Baths 1,912 SqFt Residential MLS® # 369090

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

$764,000

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29250 Perdido Beach Boulevard Unit 902, Orange Beach

2 Beds 2 Baths 1,450 SqFt Residential MLS® # 383213

Keller Williams AGC Realty - Orange Beach

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16366 Tempest Drive, Foley

5 Beds 5 Baths 5,464 SqFt Residential MLS® # 383919

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26802 Perdido Beach Boulevard Unit 7112, Orange Beach

3 Beds 2 Baths 1,392 SqFt Residential MLS® # 379073

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

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