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Tech stocks may come out of free fall, but sector won't return to pandemic-era highs even as Fed eases rate hikes

Tech stocks may come out of free fall, but sector won’t return to pandemic-era highs even as Fed eases rate hikes

Tech stocks won’t return to 2021 highs even after the Fed slows or ends its rate hikes. Experts say the sector’s bubble was inflated and eventually burst by wider structural issues. As liquidity dries up and investor enthusiasm wanes, the sector could do well in 2023. Loading Something is loading. Thank you for your registration! …

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As home prices fall, Southern Californians who bought at the high are nervous

As home prices fall, Southern Californians who bought at the high are nervous

Christine and Michael Hawkins in their recently purchased condo in Canoga Park. The Hawkins took out a mortgage at the peak of their budget and planned to refinance when rates fell. Now they fear that they will not be able to refinance. (Mel Melcon/Los Angeles Times) Soaring mortgage interest rates threatened to crush Michael and …

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As home prices fall, Southern Californians who bought at the high are nervous

As home prices fall, Southern Californians who bought at the high are nervous

Soaring mortgage interest rates threatened to crush Michael and Christine Hawkins’ dream of home ownership. But this fall, when the couple saw a Canoga Park condo languishing on the market, they hatched a plan. They would submit a “low ball” offer that they could accept if they reduced their vacations, shopping and dining out. In …

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GLOBAL MARKETS - Stocks fall, yields rise as inflation data sends mixed signals

GLOBAL MARKETS – Stocks fall, yields rise as inflation data sends mixed signals

(Add comment, US markets close) * U.S. producer prices rise in November * Rate hike worries keep Wall Street under wraps * Crude prices set for 10% weekly loss By Herbert Lash and Carolyn Cohn NEW YORK/LONDON, Dec 9 (Reuters) – Treasury yields rose and Wall Street stocks fell on Friday after U.S. producer price …

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Mortgage rates fall for the fourth consecutive week |  CNN Business

Mortgage rates fall for the fourth consecutive week | CNN Business

CNN — Mortgage rates fell again this week, falling for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in the week ending December 8, down from 6.49% the previous week, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, …

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Savings Window Opens: Today's 30-Year Mortgage Rates Drop to 6.125% |  November 29, 2022

Current 30-year mortgage rates fall to 6% | December 6, 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 6, …

Current 30-year mortgage rates fall to 6% | December 6, 2022 Read More »

Live stock market news updates: Stocks stagnate after Monday's market rout

Live stock market news updates: Stocks fall after Monday’s market rout

U.S. stocks fell Tuesday morning as investors digest the new trade balance readings from October and await the results of the Georgia Senate runoff election. The S&P 500 (^GSPC) fell 1.1%, while the Dow Jones Industrial Average (^DJI) fell 0.7%. The tech-heavy Nasdaq Composite (^IXIC) fell 1.5%. Wall Street sought to recover from a rout …

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European markets fall as investors assess China's Covid relaxation and oil moves

European markets fall as investors assess China’s Covid relaxation and oil moves

Stocks in motion: CFF up 8%, Rational down 7% Swedish real estate company SBB saw its shares surge 8% mid-afternoon to top the Stoxx 600 after presenting its pro forma earning capacity for 2023 following the sale of shares in education unit EduCo. At the bottom of the index, German kitchen appliance maker Rational fell …

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