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A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. [1] The loan may be offered at the lender's standard variable rate/base rate. There may be a direct ...
All 21 counties in the state were under a flood watch on July 9, as much of New Jersey was included in a moderate risk of excessive rainfall from an outlook released by the Weather Prediction Center. [ 174 ] [ 175 ] Fourteen counties were also included in a severe thunderstorm watch as portions of the state were under a slight risk for severe ...
Let’s say you take out a 5/1 ARM loan for $300,000 with a 6.5 percent interest rate. For the first five years of the 30-year loan, your rate would be locked in at 6.5 percent, making your ...
A massive rainstorm that hit Sunday night continued to batter North Jersey into Monday with major flooding and power outages wreaking havoc on the region.. Relief remains many hours away with rain ...
August 21–24, 2021 – Tropical Storm Henri looped through New England, bringing heavy rainfall and flash flooding to northern New Jersey. [110] September 1, 2021 – The remnants of Hurricane Ida hit New Jersey on September 1, bringing tornadoes and flash flooding, a rare tornado emergency was issued for the city of Trenton at the same time ...
Portions of Teterboro, New Jersey were left underwater due to the floods. [201] The Morris & Essex Lines were suspended between Dover and Summit, New Jersey due to the flooding. [202] Ground stops occurred at Philadelphia International Airport, John F. Kennedy International Airport, LaGuardia Airport and Newark Liberty International Airport. [203]
The storm dumped over 5 inches of rain in some areas while knocking out power for thousands, flooding roads and closing schools. Our reporters will continue to bring you the latest news on Tuesday ...
Across New Jersey, the average rainfall total was 7.05 in (179 mm), with the highest totals in North Jersey. [5] The peak statewide precipitation during Floyd was 14.13 in (359 mm) in Little Falls, [6] which was the highest rainfall total associated with a tropical cyclone in the state since 1950. [7]