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US stocks fall on recession fears, Nasdaq closes at new bear market low

US stocks fall on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government review Indices down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Major Wall Street indexes weakened on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, a rise in COVID cases in China …

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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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