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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$749,000

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24132 Perdido Beach Boulevard Unit 1011, Orange Beach

3 Beds 2 Baths 1,340 SqFt Residential MLS® # 379217

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

$749,000

455 E Beach Boulevard Unit 314, Gulf Shores

2 Beds 2 Baths 1,161 SqFt Residential MLS® # 380500

List With Freedom, Inc Main: 855-456-4945

$749,000

↓ $36,000

4606 Osprey Drive, Orange Beach

4 Beds 3 Baths 2,456 SqFt Residential MLS® # 380650

RE/MAX of Orange Beach PHONE: 251-776-4690

$749,000

↓ $25,900

27223 Magnolia Drive, Orange Beach

4 Beds 4 Baths 2,412 SqFt Residential MLS® # 380531

RE/MAX of Gulf Shores

$749,000

24800 Perdido Beach Boulevard Unit 104, Orange Beach

3 Beds 2 Baths 1,266 SqFt Residential MLS® # 384748

Kaiser Sotheby's Int-GS PHONE: 251-752-5116

$749,000

↓ $150,000

S Poplar Street, Foley

3 Beds 2 Baths 1,500 SqFt Residential MLS® # 340047

eXp Realty, LLC Gulf Shores Br ricky_carruth@yahoo.com

$746,900

↓ $18,100

455 E Beach Boulevard Unit 1607, Gulf Shores

2 Beds 2 Baths 1,161 SqFt Residential MLS® # 372275

RE/MAX of Orange Beach PHONE: 251-504-1121

$745,500

↓ $4,000

1509 Sandy Lane Unit 1509, Gulf Shores

5 Beds 3 Baths 2,702 SqFt Residential MLS® # 377325

RE/MAX Paradise

$745,000

27008 Perdido Beach Boulevard Unit 802, Orange Beach

2 Beds 2 Baths 1,064 SqFt Residential MLS® # 379061

RE/MAX of Orange Beach PHONE: 251-989-5966

$744,900

6851 Lake Shore Drive, Gulf Shores

4 Beds 3 Baths 2,796 SqFt Residential MLS® # 372486

Swiger & Company swigerandcompany@gmail.com

$740,000

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6527 E Quarry Drive, Elberta

4 Beds 4 Baths 3,938 SqFt Residential MLS® # 383116

Pointe South

$740,000

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1592 W Beach Boulevard, Gulf Shores

3 Beds 4 Baths 1,440 SqFt Residential MLS® # 373069

Goode Realty, LLC

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