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Weekly News (March 25, 2020)

This week’s Interest Rate (13th Week) (Fairway Asset)  30 Y Rate: 3.625%/ 15 Year Rate:3.125%/ 10 Y Treasury: 0.879%/  FHA:3.375%/  VA:3.250% Prime Rate:3.0% / Ref IR: 0.00- 0.25%   NYC is planning to increase property tax for single homes (The Korea Daily  3/24) NYC is changing the law that property tax will be adjusted according to […]

Weekly News (March 18, 2020)

This week’s Interest Rate (12th Week) (Fairway Asset)  30 Y Rate: 3.490%/ 15 Year Rate:3.375%/ 10 Y Treasury: 0.885%/  FHA:3.375%/  VA:3.375%  Prime Rate:3.0% / Ref IR: 0.00- 0.25%   Fed Reserve lowered Reference Interest Rates by 1% to 0.00 – 0.25% (The Korea Daily  3/17) Fed Reserve decided to lower Reference IR by 1% (Big Cut) […]

Weekly News (March 11, 2020)

This week’s Interest Rate (11th Week) (Fairway Asset) 30 Y Rate: 3.375%/ 15 Year Rate:2.875%/ 10 Y Treasury: 1.377%/  FHA:3.125%/  VA:3.000% Prime Rate:4.75% / Ref IR: 1.00- 1.25%   NJ, Edgewater Condo Group sued the Admiral condo over access to walkway (The Record   3/11) The nonprofit Hudson River Waterfront Conservancy is suing the Admiral’s Walk condo […]

Weekly News (March 4, 2020)

This week’s Interest Rate (10th Week) (Fairway Asset)   30 Y Rate: 3.370%/ 15 Year Rate:2.875%/ 10 Y Treasury: 1.377%/  FHA:3.125%/  VA:2.875% Prime Rate:4.25% / Ref IR: 1.00- 1.25%   Federal Reserve issues FOMC statement – The rate cut announcement  by 0.5% (The FOMC  3/3, The  Record 3/4) FOMC made fast and big step to lower […]