Thirty-year fixed mortgage rates fell 28 basis points from last year. Adjustable-rate mortgage updates will begin on July 1. A new report finds seniors own the largest portion of U.S. housing wealth yet face systemic underwriting hurdles. British house prices remain stagnant while cooling rates offer slight relief. In consolidation news, a Pittsburgh lender merged into a Tennessee bank. Purchase rates currently sit below refinance rates. Lenders continue to tighten standards for older borrowers despite high net worth. These shifts reflect an unpredictable market where inventory and credit rules shape access more than rate movements alone.