Thirty-year fixed mortgage rates fell by a notable margin 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. UK 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 lower than refinance rates. Lenders continue to tighten standards for older borrowers despite their asset levels. These shifts reflect a complex market where supply and credit rules dictate availability more than rate movements alone.