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While the Freddie Mac survey found the 30-year fixed fell 11 basis points, other indicators, including the 10-year Treasury yield, have all increased.

Contract closings decreased 2.5% from a month earlier to a 3.86 million annualized rate, according to figures released Thursday from the National Association of Realtors.

The winner wowed judges with a natural-sounding artificial intelligence tool that also explained its decision-making on the back-end.

The Tax Cuts and Jobs Act, Trump's signature tax law, capped the value of the state and local tax write-off deduction at $10,000, which had a disproportionate effect on communities with higher taxes and property values — areas which tend to be dominated by Democrats. 

Agencies must now provide clearer justifications for their interpretations, while Congress needs to draft more precise legislation. The decision could empower banks to challenge agency rules more frequently and potentially prolong regulatory processes, with courts giving less deference to agency interpretations.

OceanFirst's own press release points out the federal government has obtained $120 million in relief in similar cases since 2021.

The Federal Reserve chair said he supports the revised proposal outlined by Vice Chair for Supervision Michael Barr and said the new proposal would get a vote by the full Board of Governors early next year.

Short-term rate cuts often don't immediately translate to lower financing costs for 30-year home loans, and there are some unique circumstances this time.

The government agency also finalized a rule that will bring virtual home buyer counseling services to consumers.

The move signals the end of the Federal Reserve's battle against runaway inflation in the wake of the COVID-19 pandemic. Fed officials expressed divergent views on further action this year.