Amanda Brennan - Realtor

Mortgage rates dipped slightly to around 6.57% at the beginning of July, and buyers noticed almost immediately. According to the Mortgage Bankers Association, purchase mortgage applications increased 1% even though refinancing activity declined. That tells us many buyers are still actively watching the market and are ready to move as soon as affordability improves, even by a small amount.

Here in the Richmond metro, inventory remains relatively limited in many price ranges. That means even small improvements in mortgage rates can bring additional buyers off the sidelines and increase competition for well-priced homes. If rates continue to ease, we could see more multiple-offer situations, particularly for move-in-ready homes in desirable areas.

Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 0.04 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 26, 2026.

Real estate reminder… it’s never boring.

I met this couple and their mom at one of my open houses. My listing wasn’t the right fit, too many stairs, so I suggested a condo at 5100 Monument Ave that felt much more aligned. We went right after the open house.

She loved the no-stairs setup, and we moved forward. Everything went smooth for a while until...

the scheduled final walkthrough. We found the seller in the shower… and the unit had just been hotboxed in a non-smoking building 🚭

Even with a few unexpected moments along the way, we made it to the finish line.

Helping clients find the right home is always worth it.