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Weekly News (May 28, 2020)

This week’s Interest Rate (22nd Week) (Fairway Asset )   30 Y Rate: 2.999%/ 15 Year Rate:2.625%/ 10 Y Treasury: 0.692%/  FHA:3.490%   Prime Rate:3.0% / Ref IR: 0.00- 0.25% (The rate based on 25% down payment with 740 above credit score) We have Special Programs for Owner Occupy and 2nd Home.  Conventional interest rate is lowest […]

Weekly News (May 20, 2020)

This week’s Interest Rate (21st  Week) (Time Mortgage )    30 Y Rate: 3.250%/ 15 Year Rate:2.75%/ 10 Y Treasury: 0.718%/  FHA:3.490% Prime Rate:3.0% / Ref IR: 0.00- 0.25%   Fort Lee, NJ opens Coronavirus testing to all residents  (The Record   5/20) The mayor Mark Sokolich said through video announcing that the borough is conducting […]

Weekly News (May 13, 2020)

This week’s Interest Rate (20th Week) (Fairway Asset Corp.) Y Rate: 3.000%/ 15 Year Rate:2.625%/ 10 Y Treasury: 0.691%/  FHA:3.490%   Prime Rate:3.0% / Ref IR: 0.00- 0.25% A special program for Owner Occupy and 2nd Home available.  Conventional interest rate is lowest in history.  Government loans still have liquidity problems.   Palisades Park, NJ will […]

Weekly News (May 6, 2020)

This week’s Interest Rate (19th Week) (Fairway Asset Corp.)    30 Y Rate: 3.375%/ 15 Year Rate:2.875%/ 10 Y Treasury: 0.657%/  FHA:3.490% Prime Rate:3.0% / Ref IR: 0.00- 0.25% Conventional rates are getting better, but Government loans(FHA,VA, USDA) still have  difficulties.   Palisades Park, NJ will raise Property Tax by average $97 (The  Korea Times  4/29) […]