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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 […]
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) […]
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 […]
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 […]
This week’s Interest Rate (9th Week) (Fairway Asset) 30 Y Rate: 3.250%/ 15 Year Rate:2.875%/ 10 Y Treasury: 1.377%/ FHA:3.125%/ VA:2.875% Prime Rate:4.75% / Ref IR: 1.50- 1.75% Palisades Park parents want action on school crowding (The Record 2/25) Parents are asking school district to take immediate action to address overcrowding in class rooms and […]
This week’s Interest Rate (8th Week) (Fairway Asset) 30 Y Rate: 3.375%/ 15 Year Rate:2.875%/ 10 Y Treasury: 1.651%/ FHA:3.25%/ VA:2.875% Prime Rate:4.75% / Ref IR: 1.50- 1.75% The developer has filed a suit against Alpine town government (The Korea Time/ The Record 2/19 ) Richard Kurtz wants to build affordable-housing units if the lots […]
This week’s Interest Rate (7th Week) (Fairway Asset) 30 Y Rate: 3.375%/ 15 Year Rate:2.99%/ 10 Y Treasury: 1.651%/ FHA:3.25%/ VA:3.000% Prime Rate:4.75% / Ref IR: 1.50- 1.75% NY renters will not have to rental broker fee by tenant law (The Korea Daily, TRD 2/12) NY DOS(Dept Of State) announced the order specifying that tenant […]
This week’s Interest Rate (6th Week) (Fairway Asset) 30 Y Rate: 3.450%/ 15 Year Rate:2.99%/ 10 Y Treasury: 1.651%/ FHA:3.125% Prime Rate:4.75% / Ref IR: 1.50- 1.75% “SOJO” Spa Club in Edgewater filed the suit against the town government (The Korea Daily, Korea Times 2/5) SOJO claims that the town approved the new development project […]
This week’s Interest Rate (3rd Week) (Fairway Asset) 30 Y Rate: 3.450%/ 15 Year Rate:2.99%/ 10 Y Treasury: 1.651%/ FHA:3.375% Prime Rate:4.75% / Ref IR: 1.50- 1.75% Englewood Cliffs town will appeal to Bergen County for the pending development (The Korea Daily 1/25) Bergen county ordered to begin the apartment complex development project including 174 […]
This week’s Interest Rate (3rd Week) (Fairway Asset) 30 Y Rate: 3.625%/ 15 Year Rate:3.25%/ 10 Y Treasury: 1.769%/ FHA:3.375% Prime Rate:4.75% / Ref IR: 1.50- 1.75% Korean owned Foreclosure in NJ slows down (The Korea Times 1/16) According to Bergen County sheriff department, 27 foreclosures owned by Korean among 313 foreclosures as 1/10/2020, […]
This week’s Interest Rate (2nd Week) (Time Mortgage) 30 Y Rate: 3.625%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.811%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Parking meters in Palisades Park, NJ will be replaced after 5 years of operation (The Korea Times 1/4/2020) Since there are accumulated problems for 5 years which is contract period […]
This week’s Interest Rate (1st week) (Time Mortgage) 30 Y Rate: 3.625%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.811%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Parking meters in Palisades Park, NJ will be replaced after 5 years of operation (The Korea Times 1/4/2020) Since there are accumulated problems for 5 years which is contract […]
This week’s Interest Rate (51st Week) (Fair Asset Corp.) 30 Y Rate: 3.625%/ 15 Year Rate:3.25%/ 10 Y Treasury: 1.889%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Edgewater (NJ) construction shakes nearby homes like “Earthquake” (The Record 12/18) 15 story new apartment, to be called as “Kray Plaza” is being built at 1000 Portside Dr., Edgewater […]
This week’s Interest Rate (50th Week) 30 Y Rate: 3.750%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.831%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Leonia school uses dehydrator to cut food waste (The Record 12/11) Anna C Scott Elementary School will reduce food waste volume and weight by 80 to 90 percent by using a food […]
This week’s Interest Rate (47th Week) 30 Y Rate: 3.620%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.745%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% The highest home priced Zip code area is 94027 (Atherton, CA) in US (The Korea Time 11/30) According to the Property Shark, the highest home priced zip code area is Atherton in […]
This week’s Interest Rate (47th Week) 30 Y Rate: 3.620%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.745%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Toys R Us is back in Northern New Jersey (The Record 11/27) The beloved brand is opening first new US retail store since liquidation in Garden State Plaza on Wednesday(11/27), right before […]
This week’s Interest Rate (45th Week) 30 Y Rate: 3.750%/ 15 Year Rate:3.150%/ 10 Y Treasury: 1.786%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% SamSung has opted to keep its North American HQ in Ridgefield Park (The Costar 11/18) SamSung signed up with Landlord KABR Group for currently occupied 235,000 sf at 85 Challenger Rd, Ridgefield […]
This week’s Interest Rate (45th week) 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.917%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Major redevelopment plan for school district was rejected in Palisades Park, NJ (The Korea Times 11/7) On 11/5/2019 residents vote revealed that residents in Palisades park do not want major redevelopment plan […]
This week’s Interest Rate (44th Week) 30 Y Rate: 3.750%/ 15 Year Rate: 3.25%/ 10 Y Treasury: 1.864%/ Prime Rate: 4.75% Ref IR: 1.50- 1.75% Edison, NJ introduced the program to convert own house to public rental house ( The Korea Times 11/4) Through M2A (Market to Affordable Rental Program), individually owned house can be […]
This week’s Interest Rate (43rd Week) 30 Y Rate: 3.750%/ 15 Year Rate:3.375%/ 10 Y Treasury: 1.833%/ Prime Rate:5.00% Ref IR: 1.75- 2.00% “Edge” observation deck in Hudson Yard will open 3/11/2020 ( The Korea Times 10/29) The height is 1131 ft and located at 100th floor of the building and it’s protruding feature out of […]
This week’s Interest Rate (42nd Week) 30 Y Rate: 3.750%/ 15 Year Rate:3.375%/ 10 Y Treasury: 1.743%/ Prime Rate:5.00% Ref IR: 1.75- 2.00% In Edgewater, NJ, apartment construction is under debate in town (The Korea Daily 10/22) The developer, Daibes Enterprises is planning a 15 story apartment complex where there is the existing 2 story […]
This week’s Interest Rate (41st week) 30 Y Rate: 3.750%/ 15 Year Rate: 3.375%/ 10 Y Treasury: 1.727%/ Prime Rate: 5.00% Ref IR: 1.75- 2.00% Contaminated Earth (1000 C.Y.) in Edgewater will be removed from this week (The Korea Daily 10/16) It will take 5 days to remove 1000 cubic yard contaminated earth and debris […]
This week’s Interest Rate (40th Week) 30 Y Rate: 3.625%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.551%/ Prime Rate:5.00% Ref IR: 1.75- 2.00% New Jersey 300 school districts might be re-structured (The Korea Times 10/9) The Governor Murphy announced that $10 M budget will be used to lead the New Efficiency Achievement Program (LEAP). A […]
This week’s Interest Rate (39th week) 30 Y Rate: 3.750%/ 15 Year Rate:3.375%/ 10 Y Treasury: 1.635%/ Prime Rate:5.00% Ref IR: 1.75- 2.00% Pavement on 32nd street, Manhattan will be re-done (The Korea Daily 9/30) K Town Chamber of Commerce and New York Korean Association had a meeting with Corey Johnson, speaker of NYC Council and […]
This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.375%/ 10 Y Treasury: 1.652%/ Prime Rate:5.00% Ref IR: 1.75- 2.00% FOMC meeting decided to lower FRR by 0.25% to 1.75%-2.00% on 18th (The Korea Times 9/19) Powel, Chairperson at FOMC mentioned the lowering FRR this time was to buy a kind of insurance […]
This week’s Interest Rate 30 Y Rate: 3.875%/ 15 Year Rate:3.500%/ 10 Y Treasury: 1.808%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% Northern New Jersey towns got sharp property tax increase for last 10 years (The Korea Times 9/18) According to APP, Englewood Cliffs tax is up by 56.3% for last 10 years. 2017 […]
This week’s Interest Rate 30 Y Rate: 3.625%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.628%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% 6 new apartment buildings, total 1200 units, will be developed in Teaneck, NJ (The Korea Times 9/7) According to the Record on 6th, 600 units apartment building will be constructed on State Street […]
This week’s Interest Rate 30 Y Rate: 3.5%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.462%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% Englewood Cliffs, NJ loses housing ruling at the court (The Records 9/4) Superior Court Judge Christine Farrington issued an order on 8/27/2019 saying the court has determined that the Borough has acted in […]
This week’s Interest Rate 30 Y Rate: 3.625%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.474%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% Ticketing using Smart Meter in Palisades Park will be prohibited soon (The Korera Times 8/24) Governor Phil Murphy vetoed against the bill to do ticketing using smart meters by camera. Consequently, Palisades […]
This week’s Interest Rate 30 Y Rate: 3.625%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.552%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% Palisades Park residents are questioning on major school renovation project (The Korean Daily 8/20) Palisades Park residents are anticipating announcement of additional $60M budget for school renovation and it’s itemized detail and tax […]
This week’s Interest Rate – 30 Y Rate: 3.625%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.702%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% Drunken youth came out of Palisades Park NoRaeBang assaulted a passenger (The Korea Times 8/10) On 8/5, 13 drunken youths came out of NoRaeBang in Palisades Park attacked a street passenger. It is […]
This week’s Interest Rate 30 Y Rate: 3.500%/ 15 Year Rate:3.150%/ 10 Y Treasury: 1.716%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% “Daiso” Japan opened its super store in Edgewater, NJ (The Korea Daily 8/6) Daiso store(7000sf) location is next door to Mitsuwa Market Place in Edgewater: 595 River Rd, Edgewater, NJ. 1st store opened […]
This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate: 3.250%/ 10 Y Treasury: 2.065%/ Prime Rate: 5.5% Mayor of Palisades Park, NJ requested suspension of police chief to town council (The Korea Times 7/30, The Record 7/31) It is found by outside consultant Hillard Heintze that there is no written policy […]
This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 2.065%/ Prime Rate:5.5% Lotte Market will be open in Edison on 7/26/2019. (The Korea Daily 7/22) 50,000 sf Supermarket, “Lotte Plaza Market” (Chairman: SeungGil Lee, President: SangMin Lee) will be in Edison, NJ, opening on 7/26/2019. The store […]
This week’s Interest Rate 30 Y Rate: 3.875%/ 15 Year Rate:3.375%/ 10 Y Treasury: 2.106%/ Prime Rate:5.5% Gap in Ridgewood, NJ will close down on 7/27/2019 (The Record 7/17) Gap on East Ridgewood Ave will sale for all items by 50-70% and even fixtures by 50%. The company announced the plan of splitting […]
This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 2.061%/ Prime Rate:5.5% Town hall meeting with mayor in Palisades Park held on 7/9 for Korean commerce (The Korea Times 7/10) At 10:00am, about 20 Korean had participated and debated openly and fervently. The town is well known […]
This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.976%/ Prime Rate:5.5% 800 ft office space above Macy’s building in Manhattan will be constructed (The Korea Daily 7/3) Macy’s building in Harold Square is 10 story building currently and they have a plan to build up 800 ft […]
This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.988%/ Prime Rate:5.5% ADM(American Dream Meadowland) will bring Coke as a partner (The Record 6/26) American Dream and Coke announced partnership: ten year deal includes an 800-person dinning center, social media storefront, green rooms, and more events to the […]
This week’s Interest Rate 30 Y Rate: 3.875%/ 15 Year Rate:3.375%/ 10 Y Treasury: 2.058%/ Prime Rate:5.5% A house in Ridgefield burn down completely due to explosion by gas (The Korea Times 6/18) A House at 360 Abbot Ave. Ridgefield was burn down at around 11:30am on 6/17/2019. Gas leaking ignited fire and […]
This week’s Interest Rate 30 Y Rate: 3.875%/ 15 Year Rate:3.375%/ 10 Y Treasury: 2.145%/ Prime Rate:5.5% Constructing super high-rise buildings in Manhattan, NY is booming (The Korea Daily 6/7) According to New York Times, 16 super high-rise buildings over 1000 ft (304 m) are under construction or planning in Manhattan currently. It […]
This week’s Interest Rate 30 Y Rate: 3.875%/ 15 Year Rate:3.375%/ 10 Y Treasury: 2.128%/ Prime Rate:5.5% Two Bergen County Real Estate Brokers admitted their roles in short sale scheme (Dailyvoice.com 5/31, The Korea Times 6.1) Steve Young Kang (64, Ridgefield) and Young Jin Son (49, Norwood) told a federal judge in Newark […]
This week’s Interest Rate 30 Y Rate: 4.000%/ 15 Year Rate:3.625%/ 10 Y Treasury: 2.462%/ Prime Rate:5.5% Structure built to contain Naphthalene fumes from Edgewater Superfund site (Grid Bits 5/4) Workers erect a large, temporary tent-like structure on hopes of containing naphthalene fumes when work resumes at the Quanta Superfund site in Edgewater, […]
This week’s Interest Rate 30 Y Rate: 4.125%/ 15 Year Rate:3.750%/ 10 Y Treasury: 2.533%/ Prime Rate:5.5% Westfield Garden State Plaza mall becomes downtown of Paramus, NJ (The Record 5/1) The owners of the mall will a brand-new downtown, equipped with luxury, mixed-use residential development where mall-lovers can live a stone’s throw from […]
This week’s Interest Rate 30 Y Rate: 4.125%/ 15 Year Rate:3.750%/ 10 Y Treasury: 2.533%/ Prime Rate:5.5% Valley Hospital moved forward to open it’s Paramus facility by $50M donation (The Record 4/24) Valley Hospital announced in January 2018 that it would build a new hospital on a 40 acre campus off Winters Avenue […]
This week’s Interest Rate 30 Y Rate: 4.125%/ 15 Year Rate:3.625%/ 10 Y Treasury: 2.59%/ Prime Rate:5.5% “The Palisade Church” in Old Tappan, NJ Chapter 11 file has been declined The court has declined the chapter 11 file in response to PCUSA’s filing for declining the bankruptcy. The court mentioned that the church […]
This week’s Interest Rate 30 Y Rate: 4.000%/ 15 Year Rate:3.625%/ 10 Y Treasury: 2.499%/ Prime Rate:5.5% “The Palisade Church” in Old Tappan, NJ filed Chapter 11 on 3/18/2019 The church is located at 236 Old Tappan Rd, Old Tappan, NJ. Presbyterian Church of the Palisades Non Profit’s debt is $2.4M and they […]
This week’s Interest Rate 30 Y Rate: 4.000%/ 15 Year Rate:3.625%/ 10 Y Treasury: 2.472%/ Prime Rate:5.5% Edgewater contaminated site “Quanta Superfund site” fumes were harmful (The Record) When Edgewater residents complained last year about noxious fumes coming from cleanup work at the Quanta Superfund site, EPA officials said there was no health risk […]
This week’s Interest Rate 30 Y Rate: 4.000%/ 15 Year Rate:3.620%/ 10 Y Treasury: 2.395%/ Prime Rate:5.5% Ridgefield neighbors object Thermal Power Plant construction in Meadowland “North Bergen Liberty Power Plant” will be built in Meadowland swamp area across Ridgefield, which can produce 1,200 MW power and costs $1.5B. The power generated will be transferred […]
Over 110,000 New Yorkers use illegal basement for living 114,000 New York residents are living in altered basement without permits. Mostly they live in basement because they cannot afford high NY rent. FDNY concerns poor ventilation and lack of fire alarm system, and exposure to CO gas. NYC Council initiated program to modify basement and […]
Ridgefield moves forward to move on new municipal hall Current municipal building is getting old and requires serious repairs due to aging. The borough council approved to issue $850,000 bonds for initial environmental studies, engineering and design work. The new site will be on Slocum Ave next to Borough Community Center and across from Ridgefield […]
