March 2020

Weekly News (March 25, 2020)

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 current market value for single homes of which tax...

Weekly News (March 18, 2020)

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) to Zero Interest rates is on 3/15, and to release...

Weekly News (March 11, 2020)

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 complex to remove 900 feet...

Weekly News (March 4, 2020)

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 Ref IR.  The fundamentals of the U.S. economy remain...

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