February 2020

Weekly News (February 26, 2020)

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 lunchrooms.  Neris Rapoter and...

Weekly News (February 19, 2020)

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 are rezoned to allow for the construction of...

Weekly News (February 12, 2020)

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 should not pay the rental broker fee which has been...

Weekly News (February 5, 2020)

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 1200 unit apartment complex at 660 River Road...

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