Mortgage rates hit highest level since July, crushing application demand

• Bank of Japan Raises Interest Rates to Highest Level Since 2008

  The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.
  
  The New York Times - 1d

• Store closures hit highest level since pandemic — see who is shutting down the most locations

  The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.
  
  CNBC - 1d

• Bank of Japan raises rates to highest level in 17 years

  Central bank signals more increases to come if wage and price growth hit forecasts
  
  Financial Times - 1d
• 

  Store closures hit highest level since pandemic — see who is shutting down the most locations

  Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry ...
  
  NBC News - 1d

• Mortgage rates are at the highest level in nearly 8 months. So why are some people refinancing?

  The 30-year mortgage rate has inched up to the highest level since early last summer. Refinances are unexpectedly going up.
  
  MarketWatch - 5d

• 30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July

  Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.
  
  The New York Times - Jan. 9
• 

  UK 10-year borrowing costs hit highest level since 2008

  Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rules
  
  Financial Times - Jan. 8

• Oil futures settle at their highest level since October

  Oil futures finished higher on Tuesday, shaking off their losses from a day earlier to resume the rally they started the year with and buoyed by expectations for stronger demand.
  
  MarketWatch - Jan. 7
• 

  UK long-term borrowing costs hit highest level since 1998

  Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rules
  
  Financial Times - Jan. 7

More from CNBC

• Crypto industry gets quick return on Trump investment after pouring millions into campaign

  Trump's first week in office included executive orders, rule changes and pardons that pleased the crypto industry.
  
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• Aerial firefighting companies' new challenge: Keeping up with demand

  Aerial firefighting companies supplement federal and state firefighting fleets, and their services are in high demand.
  
  CNBC - 2h

• Why this China-made BYD Shark pickup is drawing attention in the global truck market

  BYD has not announced plans to sell the Shark in the U.S., but it has entered countries such as Mexico, where GM, Ford and Toyota sell pickup trucks.
  
  CNBC - 2h

• How China’s new AI model DeepSeek is threatening U.S. dominance

  An AI lab out of China has ignited panic in Silicon Valley after releasing impressive AI models more cheaply and with less-powerful chips than U.S. AI giants.
  
  CNBC - 1d

• Here's what CEOs are saying about DEI at Davos

  On the ground in Davos, DEI has been the subject of conversation both on the record and behind closed doors.
  
  CNBC - 1d

More in Business

• I’m 63 and tried claiming Social Security early, but it was declined because I’m still working. Is that allowed?

  “I was told as long as I work, I have to wait until I am 67 to start drawing my Social Security.”
  
  MarketWatch - 8m

• My ex is sick but won’t retire to spite me out of benefits. He took our marriage and divorce papers, but can I get his Social Security benefits?

  “I was married to my former husband for 11 years.”
  
  MarketWatch - 27m

• The rich and famous don’t fear a stock market bubble. That’s why you should.

  Elites at Davos believe ‘asset bubble bursts’ is a low risk over the next two years.
  
  MarketWatch - 34m

• I’m 67, childless, and have $4.3 million. Do I have enough to start giving money away to my nieces and nephews?

  Your definition of “enough” is what matters most, because you can’t take back gifts.
  
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• Why AMD could surprise Wall Street with better-than-expected earnings

  AMD is under heavy pressure to defend its stock-market valuation.
  
  MarketWatch - 52m