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added: 03-06-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased last week to 5.25 percent, up from 5.02 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R). Meanwhile, rates for 15-year fixed mortgages rose to 4.78 percent from 4.60 percent, and 5-1 adjustable rate mortgages rose to 4.48 percent from 4.27 percent the week prior.

Commission's Study Finds Out that European 20% Renewables Target Can Give Jobs to 2.8 Million People

added: 02-06-2009

Reaching the 2020 renewable energy targets is expected to lead to around 2.8 million jobs in the renewable energy sector and generate a total value added of around 1.1% of GDP. This is the main conclusion of a European Commission's study on the impact of renewable energy policy on economic growth and employment in the European Union. Energy Commissioner Andris Piebalgs said: "This shows that benefits of renewables in terms of security of supply and fighting climate change can go hand in hand with economic benefits".

GfK Roper Consulting Introduces Global Consumer Recession Index

added: 02-06-2009

GfK Roper Consulting, a division of GfK Custom Research North America, announced highlights from its first Global Consumer Recession Index, ranking the impact of the economic climate on individuals worldwide based on their level of concern, distress and reaction.

EU27 Spent 26.9% of GDP on Social Protection

added: 02-06-2009

In the EU27, social protection expenditure accounted for 26.9% of GDP in 2006. This ratio was 27.1% in 2005 and 2004 and 27.2% in 2003.

Euro Area Unemployment up to 9.2% in April 2009

added: 02-06-2009

The euro area (EA16) seasonally-adjusted unemployment rate was 9.2% in April 2009, compared with 8.9% in March. It was 7.3% in April 2008. The EU27 unemployment rate was 8.6% in April 2009, compared with 8.4% in March. It was 6.8% in April 2008. For the euro area this is the highest rate since September 1999, and for the EU27 since January 2006.

Young Adults Rely on the Internet for Economic News

added: 02-06-2009

Young adults rely heavily on the Internet for economic news, according to a nationwide study released by the Donald W. Reynolds National Center for Business Journalism.

UK: 68% Of Online Retailers Admit Payment Fraud Threatens Business Growth

added: 02-06-2009

Whilst 75% of online retailers will invest to grow their businesses this year, over two thirds still feel threatened by payment fraud, a survey from Sage Pay has shown. This, together with an increasing trend in consumer fraud concerns, will have a defining impact on the future of online retail in the UK. The findings make grim reading for businesses that intend to cash in on the high street exodus as they express an increasing desire to invest and develop their online retail presence.

Foreclosure Starts Hit One Million So Far This Year

added: 02-06-2009

A dismal milestone was reached over the weekend: One million new foreclosures have been filed so far in 2009, according to estimates by the Center for Responsible Lending. This comes on the heels of a new report from the Mortgage Bankers Association, the first quarter 2009 National Delinquency Survey, showing that 12% of all mortgages are now delinquent - the highest level since the MBA started measuring 37 years ago.

Dow Jones Economic Sentiment Indicator Rises Slightly in May

added: 02-06-2009

The Dow Jones Economic Sentiment Indicator (ESI) continued a trend of modest improvement in May rising to 29, up from 27.6 in April.

Surviving U.S. Hyperinflation Will be Greatest Challenge of Our Lifetimes

added: 02-06-2009

Most Americans don't realize just how fragile life in the United States is. The chains of interdependency have expanded to such a great length, you probably have no idea where the food in your supermarket comes from. Most likely, it doesn't come from local farmers, but rather from hundreds or thousands of miles away.

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