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...
by stephenlee This week’s Interest Rate (3rd Week) (Fairway Asset) 30 Y Rate: 3.450%/ 15 Year Rate:2.99%/ 10 Y Treasury: 1.651%/ FHA:3.375% Prime Rate:4.75% / Ref IR: 1.50- 1.75% Englewood Cliffs town will appeal to Bergen County for the pending development (The Korea Daily 1/25) Bergen county ordered to begin the apartment complex development project including 174 low income units at 800 Sylvan...
by stephenlee This week’s Interest Rate (3rd Week) (Fairway Asset) 30 Y Rate: 3.625%/ 15 Year Rate:3.25%/ 10 Y Treasury: 1.769%/ FHA:3.375% Prime Rate:4.75% / Ref IR: 1.50- 1.75% Korean owned Foreclosure in NJ slows down (The Korea Times 1/16) According to Bergen County sheriff department, 27 foreclosures owned by Korean among 313 foreclosures as 1/10/2020, which is 8.6% owned by Korean, while it...
by stephenlee This week’s Interest Rate (2nd Week) (Time Mortgage) 30 Y Rate: 3.625%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.811%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Parking meters in Palisades Park, NJ will be replaced after 5 years of operation (The Korea Times 1/4/2020) Since there are accumulated problems for 5 years which is contract period with MPS, the town has decided to replace the parking...
by stephenlee This week’s Interest Rate (1st week) (Time Mortgage) 30 Y Rate: 3.625%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.811%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Parking meters in Palisades Park, NJ will be replaced after 5 years of operation (The Korea Times 1/4/2020) Since there are accumulated problems for 5 years which is contract period with MPS, the town has decided to replace the...
by stephenlee This week’s Interest Rate (51st Week) (Fair Asset Corp.) 30 Y Rate: 3.625%/ 15 Year Rate:3.25%/ 10 Y Treasury: 1.889%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Edgewater (NJ) construction shakes nearby homes like “Earthquake” (The Record 12/18) 15 story new apartment, to be called as “Kray Plaza” is being built at 1000 Portside Dr., Edgewater nearby rental complex...
by stephenlee This week’s Interest Rate (50th Week) 30 Y Rate: 3.750%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.831%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Leonia school uses dehydrator to cut food waste (The Record 12/11) Anna C Scott Elementary School will reduce food waste volume and weight by 80 to 90 percent by using a food dehydrator. The Leonia Green Team, a group of parents and school...
by stephenlee This week’s Interest Rate (47th Week) 30 Y Rate: 3.620%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.745%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% The highest home priced Zip code area is 94027 (Atherton, CA) in US (The Korea Time 11/30) According to the Property Shark, the highest home priced zip code area is Atherton in Sam Mateo county, CA, where the median price is $7,050,000. They...
by stephenlee This week’s Interest Rate (47th Week) 30 Y Rate: 3.620%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.745%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Toys R Us is back in Northern New Jersey (The Record 11/27) The beloved brand is opening first new US retail store since liquidation in Garden State Plaza on Wednesday(11/27), right before Thanksgiving Day. The new store, a highly experiential...
by stephenlee This week’s Interest Rate (45th Week) 30 Y Rate: 3.750%/ 15 Year Rate:3.150%/ 10 Y Treasury: 1.786%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% SamSung has opted to keep its North American HQ in Ridgefield Park (The Costar 11/18) SamSung signed up with Landlord KABR Group for currently occupied 235,000 sf at 85 Challenger Rd, Ridgefield Park. When SamSung moved in this building in 2010,...
by stephenlee