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.

U.S. about to reach debt limit

Treasury secretary, Jack Lew, has just stated that the U.S. is on the brink of reaching its debt limit. The news puts extreme pressure on Congress to act quickly and raise the current limit of $16.7 trillion. According to the Jack Lew’s…

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…