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Asian markets, crude drop following protests in China

Asian markets, crude drop following protests in China

FILE PHOTO: A logo of the Hong Kong Stock Exchange (HKEX) in Beijing, China September 4, 2020. (Reuters) Stocks and oil prices fell on Monday on concerns over protests across China calling for political freedoms and an end to the government’s sweeping zero-Covid policy, fueling uncertainty in the world’s second-largest economy. Hundreds of people took …

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This Week's Student Loan Refinance Rates: November 22, 2022 |  Undergraduate rates drop

This Week’s Student Loan Refinance Rates: November 22, 2022 | Undergraduate rates drop

Insider experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. According to Credible, average interest rates on refinanced graduate student loans are …

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Current 20-Year Mortgage Rates Plunge to 7-Week Lows |  November 9, 2022

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

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

US retailers face first real sales drop since financial crisis

US retailers face first real sales drop since financial crisis

U.S. retailers are facing their first real revenue drop since the global financial crisis this holiday season, even as resilient consumer spending poses challenges for officials seeking to tame inflation. Black Friday, the informal start of peak shopping season, falls at a turning point for consumer spending this week as the highest inflation since the …

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Hong Kong shares drop 2% in Asia session;  China keeps interest rates unchanged

Hong Kong shares drop 2% in Asia session; China keeps interest rates unchanged

Japanese trading houses rise as Berkshire Hathaway reportedly increases stake Shares of some Japanese trading houses rose at the start of the Asian session, despite declines in markets in the region, after billionaire Warren Buffett’s Berkshire Hathaway increased its stake in the companies, according to individual regulatory filings. Berkshire increased its stake by more than …

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The 30-year fixed rate fell to 6.6% as inflation slowed, saving the average family $100 a month

Mortgage rates register biggest weekly drop in nearly 40 YEARS as inflation slows

Homebuyers will save $100 a month after mortgage rates saw their biggest weekly drop since 1981. The 30-year fixed rate fell to 6.6% as inflation slowed. A week ago the rate was above seven percent while 12 months ago the rate for a 30-year fixed rate was 3.1 percent. According to Redfin, the drop saves …

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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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Mortgage rates drop from their highest amount in 41 years

Mortgage rates drop from their highest amount in 41 years

Mortgage rates fell nearly half a percent this week, marking the biggest week-over-week decline since November 1981. The average 30-year fixed mortgage rate fell to 6.61% from 7.08% the previous week, according to Freddie Mac, which this week changed its methodology for calculating rates. The decline follows a sharp decline in the 10-year Treasury yield …

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Prices will fall in 2023. But savings will be negligible due to headwinds

Prices will drop in 2023. But savings will be minimal: study

Home prices could fall 8%, but rising mortgage rates and a “mild recession” will blunt savings in buyers’ pockets, according to the new U.S. housing market outlook from Capital Economics. New markets require new approaches and tactics. Experts and industry leaders speak at Inman Connect New York in January to help navigate the market shift …

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