For the first time on record, Americans over 70 held a larger share of real estate wealth than those ages 40 to 54.

Mortgage rates fell below 6 percent on Thursday for the first time in more than three years, marking an opening for homebuyers as inflation cools. Currently, the 30-year fixed-rate mortgage is averaging 5.98 percent, down .03 points from last week, according to Freddie Mac. Last year, the rate averaged 6.76 percent. “This lower rate environment…