6/26/26 - Mortgage Rate Update
Staying informed about mortgage trends is an important part of making confident real estate decisions. Below is the latest rate update from a trusted mortgage professional I have worked with for more than 20 years, Joey Parker.
Joey is a highly respected local mortgage expert, and my team and I have been successfully referring clients to him for 20 years. Knowing which developments qualify for specific mortgage programs is an essential part of the home purchase process, helping buyers save time and avoid costly regrets. Below is the most recent snapshot of purchase rates and some special programs. Mortgages today are not just conventional, FHA and VA; there are many different types, and we will help find the best one for you.
Purchase Rates
June 19th, 2026
| Conventional | Government |
| 30 Year Fixed: 6.100% 30 Year Fixed $400k+: 6.100% 15 Year Fixed: 5.500% 15 Year Fixed $400k+: 5.500% |
FHA 30 Year Fixed: 5.625% FHA 5/1 ARM: 5.500% VA 30 Year Fixed: 5.750% USDA 30 Year Fixed: 5.750% |
| Jumbo / Portfolio | Portfolio (up to 100% financing) |
| 30 Year Fixed Jumbo: 6.000% Prime 7/1: 5.750% |
Doctor 7/1: 5.750% Buyers Advantage 30 Year Fixed: 6.750% Community Advantage 30 Yr Fixed: 6.250% |
For additional insights into mortgage trends, you can read the SouthState Capital Markets Weekly Newsletter by Chris Bowers, which provides regular updates on the U.S. housing and mortgage markets. Updates are published every Friday evening.
Qualified buyers may also benefit from the $5,000 Opportunity Advantage Loan Fund, which can assist with down payment and/or closing costs.
If you would like to discuss financing options or current mortgage rates, you may contact:
- Joey Parker
- Mortgage Banker – SouthState Bank
- Phone: (251) 269-8328
- Email: jpteam@southstatebank.com
With current rates and financing programs available, this may be one of the best opportunities in recent years to purchase the right home along the Gulf Coast. Buyers or sellers considering Gulf Shores, Orange Beach, or Perdido Key are encouraged to explore the options currently available in today’s market.
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