May 2020

Weekly News (May 28, 2020)

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 in history. Government loans still have liquidity problems. ...

Weekly News (May 20, 2020)

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 its own coronavirus testing , open to everybody...

Weekly News (May 13, 2020)

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 operate COVID-19 Testing facility...

Weekly News (May 6, 2020)

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) Town government has...

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