<p>The average rate for a 30-year fixed mortgage&nbsp;fell to 6.47% this week, its lowest level since May 2023.&nbsp;Newsday business&nbsp;reporter Jonathan LaMantia reports.</p>


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Average mortgage rates dip to lowest in over a year

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'A little bit more buying power'

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Experience the former president's first rally on LI since 2017, from the moment supporters entered the Coliseum parking lot to Trump taking the stage. 

Video: Sights and sounds from Trump's rally 

"Minor to localized moderate coastal flood impacts remain possible through the weekend," the NWS said Thursday, warning of "multiple rounds" of coastal flooding through Friday at the very least.

7-day weather forecast

The Fire Island Pedicab, which provides two mile long rides from Robert Moses State Park Field 5 to the border of Kismet, is under review by the state parks department to determine whether such a service should continue next year. NewsdayTV's Virginia Huie reports. 

'I'm upset, I take it every weekend'

Trump supporters and local GOP officials came to the Coliseum for the former president's rally. Some waited hours to see him. NewsdayTV's Virginia Huie reports.

'This is going to sway the vote'

Nassau County Executive Bruce Blakeman provided a traffic and security update in advance of former President Donald Trump's rally at Nassau Coliseum Wednesday.

'Traffic will be incredibly heavy'

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Ten percent of respondents to the New York Federal Reserve survey said the adoption of artificial intelligence led to reductions in staffing.

Quarter of service businesses used AI, survey shows

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Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising.

US home sales fell in August despite easing mortgage rates, more homes on the market

Check out some of the vintage vehicles from the Long Island Antique Power Association and the American Truck Historical Society car show in Riverhead.

Antique Car and Motor Show impresses with vintage vehicles and engines

Apple is accelerating the rollout of a software update that will implant intelligence into its virtual assistant Siri and automate a variety of tedious tasks to coincide with the release of its latest iPhone.

Apple releases AI software for a smarter Siri on the iPhone 16

Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the U.S. and Canada.

Nearly 138,000 beds are being recalled after reports of them breaking or collapsing during use

Instagram is introducing separate teen accounts for those under 18 as it tries to make the platform safer for children amid growing backlash against how social media affects young people's lives.

Instagram makes teen accounts private as pressure mounts on the app to protect children

The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week and is now at its lowest level since early February 2023.

Average rate on a 30-year mortgage falls to 6.09%, lowest level since early February 2023

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The median single-family home in Nassau sold for $835,000 last month, while the Suffolk median rose to $680,000.

Home prices on Long Island are continuing to climb

The Federal Reserve has cut interest rates for the first time in more than four years. Newsday's business reporter Jonathan LaMantia explains how this will affect Long Islanders. 

What Fed's decision to cut interest rates means for LIers 

Ethnic grocers, including stores that specialize in selling Asian, Latino and African goods, are a fast-growing business on Long Island. NewsdayTV's Drew Scott reports. 

'I used to have to drive all the way to Queens or Brooklyn'

LI homebuyers can expect to gain greater buying power as mortgage rates dropped to 6.2% this week. NewsdayTV's Drew Scott and Newsday business reporter Jonathan LaMantia report.

'More buying power to homebuyers'

Home prices continue to rise on Long Island, giving potential buyers headaches and heartbreak. NewsdayTV's Jasmine Anderson reports.

'It's still a seller's market'

The state announced on Friday that about 1 million New Yorkers' monthly health insurrance premiums will go up next year by as much as 35%. NewsdayTV's Shari Einhorn reports.

'I don't want consumers to panic just yet'

Money brought in from local tourism shattered the previous year's record by one billion dollars. NewsdayTV's Shari Einhorn reports.

'People are spending money'

Danielle Edwards, of Merrick, has a full-time job as a mortgage processor, but says in the next five years she'd like to be able to transition completely over to her side hustle, the balloon business "Havin' a Blast."

Mortgage processor by day, balloon artist by night

Richard York of Patchogue Shoes, after nearly a century in business, is holding its going-out-of-business sale, to the shock and sadness of many. NewsdayTV's Virginia Huie reports.

'After 97 years, it's a shame that they're closing'

Newsday business reporter Tory Parrish talks about how more parents are thrift-shopping for back-to-school supplies.

'Trying to cut costs'

Small craft-alcohol manufacturers are cheering a new law that soon will allow them to ship spirits, cider and mead directly to New York State consumers, potentially boosting their profits by skipping the "middlemen" distributors.

Craft alcohol makers will soon be able to ship directly to customers

Three millennials who grew up in Montauk and now run or own their longtime family businesses spoke about how they've kept their businesses relevant and modern.

'We just need to keep it in our family'

<a href="https://www.newsday.com/video/newsdaytv-top-stories">Get more on these and other NewsdayTV stories</a>

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Takeaways from Trump rally ... The $6.5M house that pizza built ... What's up on LI ... Get the latest news and more great videos at NewsdayTV

Takeaways from Trump rally ... The $6.5M house that pizza built ... What's up on LI

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