This sounds like a bad strut, one or both on the front has gone bad. Here is a picture of just the strut with out the spring. The price ranges from $65.00 to $220.00 depends on what you can afford.
Check the front struts if you see signs of the fluid having leaked you will see either wetness or the drying of road dirt stuck to it,this means that your struts no longer stop the bounce they have no resistance in side that's why it nose dives at breaking.if rattling is heard it can also be from tires hitting bumps hard and constantly bouncing or you might want to check the sway bar links for being worn or even broken.
Your description indicates that the struts are bad and are in need of replacement.
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