Plunge

Oil plunge, tech meltdown and Fed cuts?  Strategist shares possible market "surprises" in 2023

Oil plunge, tech meltdown and Fed cuts? Strategist shares possible market “surprises” in 2023

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for the financial markets, Standard charter outlined a number of potential surprises for 2023 that he says are “undervalued” by the market. Eric Robertson, the bank’s chief research …

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There's Still Time to Save: Today's 30-Year Mortgage Rates Drop to 6.375% |  November 22, 2022

Current 20-Year Mortgage Rates Plunge Below 6% | December 2, 2022

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Check out mortgage rates for December 2, …

Current 20-Year Mortgage Rates Plunge Below 6% | December 2, 2022 Read More »

Home prices are expected to continue to rise next year: Here's where

Home sales could plunge in 2023. These cities could experience the biggest declines.

Home sellers should brace for a tough year ahead, with a real estate group predicting that property sales could fall in 2023 as more buyers are sidelined by rising mortgage rates and house prices out of reach. The number of homes sold will likely plunge 14.1% to 4.53 million homes, the lowest number of real …

Home sales could plunge in 2023. These cities could experience the biggest declines. Read More »

There's Still Time to Save: Today's 30-Year Mortgage Rates Drop to 6.375% |  November 22, 2022

Good News: Today’s 30-Year Mortgage Rates Plunge to 57-Day Low | December 1, 2022

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Check out mortgage rates for December 1, …

Good News: Today’s 30-Year Mortgage Rates Plunge to 57-Day Low | December 1, 2022 Read More »

US gas prices plunge toward $3 a gallon as global demand plummets

US gas prices plunge toward $3 a gallon as global demand plummets

Comment this story Comment Gasoline prices are dropping so fast it’s starting to put real money back in motorists’ pockets, defying past projections and delivering an unexpected holiday treat. Refueling is now as cheap as it was in February, just before Russia’s invasion of Ukraine sparked a global energy crisis. AAA reported the national average …

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Mortgage rates plunge, biggest weekly drop since 1981 |  CNN Business

Mortgage rates plunge, biggest weekly drop since 1981 | CNN Business

Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has periodically made changes to its primary mortgage market survey, changed the source of its data effective November 17, 2022. Instead of surveying lenders, weekly results will be based on applications received from lenders that are submitted to Freddie Mac. Learn …

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US home prices could plunge 20%, Dallas Fed warns

US home prices could plunge 20%, Dallas Fed warns

According to a study by the Federal Reserve Bank of Dallas. To be sure, the possibility of homes across the country losing up to a fifth of their value represents a “pessimistic scenario,” Dallas Fed economist Enrique Martinez-GarcĂ­a noted in a report on Tuesday. But other economists have reported similar fears, with Pantheon Macroeconomics chief …

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China Circles El Salvador’s Economy As Country Heads For Crypto Plunge

As crypto-Twitter cascaded doomsday memes about the bankruptcy of cryptocurrency exchange FTX and the steep drop in the price of bitcoin, one account remained particularly quiet on the subject. Unlike previous crashes, El Salvador’s President Nayib Bukele, who made bitcoin legal tender a year ago, did not urge his followers to “buy the dip.” The …

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