30-year fixed (national average): ~ 6.32 %
15-year fixed (national average): ~ 5.62 %
Florida lenders (local range): ~ 6.10–6.25 % depending on credit and loan program.
What this means for us: At today’s levels, a buyer purchasing a $750,000 home in Santa Rosa Beach with 20% down is looking at a monthly principal + interest payment of around $3,690–$3,750. Just a small shift in rates (even 0.25%) can change affordability and buyer competition.
CLICK HERE for a Mortgage Calculator: https://realestate.seahausrealty.com/idx/mortgage
Inventory is Up
From Destin to 30A, active listings have ticked up compared to last fall. Buyers now have more choices, especially in Santa Rosa Beach & Destin.
Prices Holding Steady
Along 30A, the median home price has leveled off in recent months. Destin and Miramar Beach condos are seeing slight adjustments, while Freeport remains one of the strongest values for single-family homes.
Buyer Activity Picking Back Up
With mortgage rates dipping slightly from their summer highs, showing activity has increased. More buyers are re-entering the market ahead of the holiday season.
Clean-Energy Tax Credits Expiring: Some solar, EV, and home-upgrade tax breaks end as soon as September 30. Act quickly if you want to take advantage.
Florida Insurance Update: Two more insurers approved, giving homeowners along the Panhandle more options for coverage.
You don’t have to wait until your renewal date to compare quotes.
You can request quotes from other carriers or work with an independent insurance agent who represents multiple companies.
If you find a policy that provides the coverage you need at a lower rate (or with better terms), you can choose to switch.
Fed Rate Watch: Rates drive affordability. Remember:
When rates rise ➝ higher monthly payments, slower price growth.
When rates fall ➝ more buyers, stronger price pressure.
We share insights on what’s happening locally, from Santa Rosa Beach, Freeport, Destin & Niceville, and how you can position yourself whether you’re buying or selling.