Weekly News (September 23, 2020)
This week’s Interest Rate (39th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.500 3.125 1.462 A month ago 2.750 2.490 2.625 0.667 Last week 2.875 2.375 2.625 0.672 This week […]
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This week’s Interest Rate (39th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.500 3.125 1.462 A month ago 2.750 2.490 2.625 0.667 Last week 2.875 2.375 2.625 0.672 This week […]
This week’s Interest Rate (38th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.500 3.125 1.462 A month ago 2.750 2.399 2.625 0.643 Last week 2.875 2.375 2.625 0.672 This week […]
This week’s Interest Rate (37th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.500 3.125 1.462 A month ago 2.750 2.375 2.625 0.517 Last week 2.875 2.375 2.625 0.672 This week […]
This week’s Interest Rate (36th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.375 A month ago 2.875 2.375 2.625 0.595 Last week 2.875 2.490 2.625 0.682 This week […]
This week’s Interest Rate (35th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.375 A month ago 2.875 2.375 2.625 0.595 Last week 2.875 2.490 2.625 0.667 This week […]
This week’s Interest Rate (34th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.375 A month ago 2.875 2.375 2.625 0.605 Last week 2.750 2.399 2.625 0.643 This week […]
This week’s Interest Rate (32nd Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.375 A month ago 2.875 2.375 2.625 0.614 Last week 2.750 2.375 2.625 0.517 This […]
This week’s Interest Rate (32 th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.375 A month ago 2.875 2.375 2.625 0.674 Last week 2.875 2.375 2.625 0.595 This […]
This week’s Interest Rate (31th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.375 A month ago 2.899 2.370 2.625 0.750 Last week 2.875 2.375 2.625 0.605 This week […]
This week’s Interest Rate (30th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.375 A month ago 2.899 2.370 2.625 0.750 Last week 2.875 2.375 2.625 0.614 This week […]
This week’s Interest Rate (29th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.375 A month ago 2.999 2.750 3.250 0.814 Last week 2.875 2.375 2.625 0.684 This week 2.875 […]
This week’s Interest Rate (28th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.39 A month ago 2.999 2.750 3.250 0.814 Last week 2.875 2.375 2.625 0.674 This week […]
This week’s Interest Rate (27th Week) (By Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.39 A month ago 2.999 2.750 3.250 0.672 Last week 2.899 2.375 2.625 0.750 This week […]
This week’s Interest Rate (26th Week) (Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.39 A month ago 3.25 2.77 This week 2.899 2.375 2.625 0.750 (The rate based on 25% down payment with 740 above credit […]
This week’s Interest Rate (25th Week) (Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.39 A month ago 3.25 2.77 This week 2.899 2.375 2.625 0.750 (The rate based on 25% down payment with 740 above […]
This week’s Interest Rate (24th Week) (Fairway Asset ) 30 yr fx(%) 15 yr fx(%) FHA(%) 10 yr Tr Y (%) A year ago 3.875 3.39 A month ago 3.25 2.77 This week 2.99 2.75 3.25 0.814 (The rate based on 25% down payment with 740 above credit […]
This week’s Interest Rate (23th Week) (Fairway Asset ) 30 Y Rate: 2.999%/ 15 Year Rate:2.750%/ 10 Y Treasury: 0.6720%/ FHA:3.250% 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 […]
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 […]
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 […]
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 […]
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) […]
This week’s Interest Rate (18th Week) (Fairway Asset Corp.) 30 Y Rate: 3.375%/ 15 Year Rate:2.99%/ 10 Y Treasury: 0.549%/ 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. Investigation started on Unfair PPP Approval (The Korea Times 4/28, 4/29) The Democrats initiated SBA […]
This week’s Interest Rate (17th Week) (Fairway Asset Corp.) 30 Y Rate: 3.490%/ 15 Year Rate:3.250%/ 10 Y Treasury: 0.549%/ FHA:3.490% Prime Rate:3.0% / Ref IR: 0.00- 0.25% Conventional rates went up a little bit and Government loans(FHA,VA, USDA) still have difficulties. Jumbo loan have difficulties New Jersey Schools will be closed till 5/15/2020 (The Korea […]
This week’s Interest Rate (16th Week) (Fairway Asset Corp.) 30 Y Rate: 3.490%/ 15 Year Rate:2.875%/ 10 Y Treasury: 0.879%/ 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. NY State might hit the Apex of COVID-19 death toll ( The Korea Times 4/14) […]
This week’s Interest Rate (15th Week) (Fairway Asset Corp.) 30 Y Rate: 3.490%/ 15 Year Rate:2.99%/ 10 Y Treasury: 0.687%/ FHA:3.490% Prime Rate:3.0% / Ref IR: 0.00- 0.25% The U/W guidelines getting tighten during the COVID-19. Some of lenders cap the DTI lower than normal time and require 3 month reserves. ( See below) […]
This week’s Interest Rate (14th Week) (Fairway Asset) 30 Y Rate: 3.625%/ 15 Year Rate:3.125%/ 10 Y Treasury: 0.687%/ FHA:3.490% Prime Rate:3.0% / Ref IR: 0.00- 0.25% WeWork kept most of it locations open:Only two offices are closed in N. America (The NYT 3/25) In the fight against the spreading COVID-19 countless businesses, restaurants and […]
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 […]
