Thirty-year fixed mortgage rates fell 28 basis points from last year. Adjustable-rate mortgage updates take effect on July 1. A new report finds seniors hold a record share of U.S. housing wealth yet face systemic underwriting hurdles. UK house prices remain stagnant while slower increases offer slight relief. In consolidation news, Victorian Finance merged into a Tennessee bank. Purchase rates currently sit below 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.