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 Keith Powers (Dem. 4 District) to discuss the...
by stephenlee 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 for the economy which is exposed to some degree of danger. FOMC believes...
by stephenlee 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 current average tax is $12,850 while it was $8,219 in 2007. Fort Lee...
by stephenlee 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 in Teaneck. Also 36 units of mixed use building and...
by stephenlee 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 bad faith and determined to be constitutionally...
by stephenlee 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 Park town will have to stop using smart...
by stephenlee 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 increase, but it is not...
by stephenlee 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 known that NoRaeBang is run by Mr.M who is one of town...
by stephenlee 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 at Skyview Center in Queens, NY on March...
by stephenlee 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 for hiring, promotion, punishment, etc. and, therefore, police force...
by stephenlee