Business news

Wicked Wasabi is closing Saturday


Wicked Wasabi, a sushi restaurant located for 11 years at 1048 Broad St., will close Saturday because its own­er is retiring.

Ayako Inaba, 65, said the restaurant’s lease was up for renewal, and she decided to retire rather than renew it.

Wicked Wasabi has three employees, including Inaba and her husband.

Inaba has been in the restaurant industry for 21 years. She owned Sasurai at 3412 Wrightsboro Road for 10 years before opening Wicked Wasabi, she said.

Furniture business to liquidate, close

A family-owned furniture store in business since 1964 has started liquidating its inventory, with plans to close in June.

Treasures For Your Home owner Fleming McInnes said aging family members and a recent tough economic climate is forcing the business to shut its doors at 1708 Wylds Road.

The store is seeking a buyer for the building behind Augusta Mall.

Mortgage rates up just above record

WASHINGTON — The average rate on the 30-year fixed mortgage jumped after standing pat for three consecutive weeks at record lows. But the rate stayed below 4 percent for the 12th week in a row, keeping home-buying and refinancing attractive for those who can qualify.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan rose to 3.95 percent. That’s up from last week’s rate of 3.87 percent, the lowest since long-term mortgages began in the 1950s.