June 2019

Weekly News (June 19, 2019)

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 explosion and resulted in complete burn down the house including...

Weekly News (June 12, 2019)

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 is super fast rate while only 7 buildings...

Weekly News (June 5, 2019)

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 on 5/30/2019 that they recruited others to participate...

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