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added: 15-02-2008

For just the second time in 2008, fixed mortgage rates moved higher with the average conforming 30-year fixed mortgage rate now 5.96 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.37 discount and origination points.

Spending on Gas, Food Jumps 9% in Past Year

added: 14-02-2008

People seeking basic budget counseling from Consumer Credit Counseling Service (CCCS) of Greater Atlanta spent an average of $531 on gas and food in January 2008, 9 percent more than the average of $486 in January 2007.

Consumption Enters the Red Zone, Deloitte Research Leading Index Falls

added: 14-02-2008

The Deloitte Research Leading Index of Consumer Spending plummeted to a new low in December, indicating the possibility of a dramatic drop in consumer spending in the months ahead.

US Online Buyers Spend Less Offline

added: 13-02-2008

More than two-thirds of US online buyers who participated in the USC Annenberg Center for the Digital Future's study in 2007 said that their Web purchasing reduced their retail store purchases, up from the 65% who said so in 2006.

Web 2.0 To Jazz Up Sites

added: 13-02-2008

Get ready for more bells and whistles on e-commerce sites. More than nine out of 10 Web site operators plan to add Web 2.0 features within 12 months, according to Scene7's "Rich Internet Experience and Beyond" study, conducted in November and December 2007.

Hispanic Media Grows

added: 13-02-2008

Substantial growth is anticipated for Hispanic TV and radio advertising, according to SNL Kagan's report, "Economics of Hispanic TV & Radio in the US."

Home Value Continued Decline in Fourth Quarter, Leaving Approximately One in Three New Homeowners With Negative Equity

added: 12-02-2008

Home values continued to decline in the fourth quarter of 2007, falling 3.5 percent from the third quarter and 3 percent year-over-year to a U.S. Zindex(R) home value indicator(1) of $224,890, according to Zillow's Q4 2007 Home Value Report(2). The Zindex is the median Zestimate(R) valuation and measures the value of all homes in an area, not just those that have sold during the quarter.

Enterprise Mobility Spending To Exceed 12% of IT Budgets in 2008

added: 12-02-2008

Andrew Brown, Director of the Wireless Enterprise Strategies service, commented, “Spending on wireless solutions is expected to grow by 23% in the UK alone over the next two years, despite flat overall IT budgets in two-thirds of companies. In France and Germany, wireless spend per employee is expected to approach 100 Euros within 2 years”.

U.S. Construction and Some Parts of Manufacturing are in Recession

added: 12-02-2008

In the second half of 2007, the economy slowed from 5 percent GDP growth (annualized) in the third quarter to only 0.6 percent in the fourth. Such a big change in momentum makes it feel like a recession, even if the economy is still growing (and therefore not technically in a recession).

Nation's Leading Lenders will Increase Fees, Making Credit Much More Expensive for Potential Homebuyers and Homeowners Looking to Refinance

added: 12-02-2008

As home prices and interest rates are finally starting to look attractive again, the nation's leading lenders announced increased delivery fees and new Loan Level Price Adjustments for anyone with a credit score below 680.

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