The latest business news around the world. Written by Market Business News's very own editorial team to deliver reliable, up to date, and honest news.

Mortgage rates jump, USA

The benchmark 30-year fixed mortgage rate jumped to 4.74%, its highest point in over 24 months, says Bankrate.com’s weekly national survey. The median 15-year fixed mortgage rose to 3.75%, and the larger jumbo 30-year fixed mortgage…

Household income 6.1% below 2007 levels

Although median household incomes in the USA have started to recover, they are still 6.1% below the December 2007 level, and 4.4% below June 2009, when the “economic recovery” began, according to a report by Sentier Research. The report was…

Greece needs another bailout

Is Greece in need of another bailout? It is starting to look like it after Olli Rehn, the European Union’s Economic and Monetary Commissioner indicated it is not being ruled out. Rehn quickly added that a bailout for Greece is not the only…