The most respected English-language, Catholic commentary is the Jerome Biblical Commentary, but it’s probably too scholarly for most Catholics. The New Collegeville Bible Commentary is far easier to read. Some of the best U.S. Catholic scripture scholars contributed to this commentary. I don’t see an up-to-date revision of the entire Old Testament commentary, but there are revised booklets on a number of Books of both the Old and New Testaments. The New Testament commentary was published in 1989 and is reasonably priced - but there are more recent revisions for individual books of the New Testament. I’d recommend the Jerome and Collegeville commentaries over anything published prior to 1945, when Pope Pius XII encouraged Catholics to adopt new methods of studying scripture.
-Joe Offer-