<p>LI homebuyers can expect to gain greater buying power as mortgage rates dropped to 6.2% this week. NewsdayTV&#39;s Drew Scott and Newsday business reporter Jonathan LaMantia report.</p>


Business

BZRATE240913_video

Average mortgage rate drops to lowest level since February 2023

onecms:3fca3389-0a00-43bc-a4b2-b4b11209afe6

Newsday

'More buying power to homebuyers'

Lamantia Debrief 091224.mxf.14_42_39_16.Still001.jpg

Business Trending

LI's priciest home sales

People on the Move

Latest real estate news

Most Popular

Latest Videos

Latest videos

Long Island Cares has opened the Western Nassau Center for Food Assistance & Community Support in Valley Stream to help those with food insecurity in time for Thanksgiving. NewsdayTV's Virginia Huie reports.

'Food is expensive now so this is gonna help me'

Federal transportation officials have approved New York's congestion pricing plan to charge vehicles $9 for driving below 60th Street in Manhattan beginning Jan. 5.

Feds give green light for congestion pricing

Frankie Floridia of Strong Island Animal Rescue League rescued a young buck stuck in a pool in Holtsville in October after it tried to drink water off the cover.

Young deer rescued from swimming pool

A tipster says he told the state about buried drums at Bethpage Community Park nearly a decade ago. Newsday's Ken Buffa reports.

Uncovering the truth about the chemical drums

Las Vegas Sands wants to add one lane on each side of a stretch of the Meadowbrook Parkway in order to blunt the impact of a new casino-resort.

Las Vegas Sands proposes Meadowbrook Parkway expansion 

Sign up for the Daily Business newsletter

Business Newsletter Widget

Nigeria faces its worst cost-of-living crisis in a generation after the government ended costly subsidies that made petrol affordable for many in Africa's most populous country.

Nigeria turns to natural gas as transport prices soar after petrol subsidies were removed

Business Article Bottom Module

A federal watchdog found lenders were less likely to encourage Black borrowers to apply for loans and more likely to steer them toward high-interest alternatives.

Banking while Black: Study that includes Nassau finds disparities in small business lending

Black-owned small businesses received less encouragement from banks, including some in Nassau County, according to a federal study. NewsdayTV's Ken Buffa and Newsday business reporter Jonathan LaMantia report.

'You need access to this capital'

Negotiators will soon decide whether to accept a proposed $300 billion funding package for poor nations to curb and adapt to climate change — a plan hammered out early Sunday by the head of fractured United Nations climate talks.

A $300B a year deal for climate cash at UN summit sparks outrage for some and hope for others

Most people taking popular drugs like Ozempic and Wegovy to lose weight have shed significant pounds.

Even with access to blockbuster obesity drugs, some people don't lose weight

Travel, especially during the holiday season, can be stressful.

Hydrate. Make lists. Leave yourself time. And other tips for reducing holiday travel stress

The president of Cyprus says Moody's two-notch credit ratings upgrade to A3 from Baa2 will open the threshold to quality foreign investment that will generate new jobs.

Moody's credit rating upgrade for Cyprus opens the door to investment, president says

Business Video Playlist

Modupe Ruth Ogunlaja Armstead and her husband, Don Armstead, owners of MRO Palace in Elmont, spoke about how they will be using Small Business Saturday to boost their business — not an easy task for a store where everything is custom-made.

'I want everybody that comes here to have an experience'

According to the American Farm Bureau, the cost of groceries to make Thanksgiving dinner at home this month will be a little cheaper than it was last year.

'Just looking out for all the sales'

She's one of many live wedding painters across the Island who have made the popular trend a part of their every day business.

Meet Angelis Vaca, a local wedding painter on Long Island

Long Island vineyards, fishermen and utility workers have been affected by climate change. Newsday utilities reporter Mark Harrington reports.

'Grape growing on LI is changing'

Eligible homeowners can apply for as much as $50,000 in half grants and half low-interest loans to make their homes less prone to flooding or energy efficient. NewsdayTV's Shari Einhorn reports. 

'I knew flooding was going to be an issue'

About 200 residents are trying to save their homes amid the possibility of the Harborside retirement facility closing due to bankruptcy. 

Harborside retirement community residents could be without a home 

The median home sale price on Long Island — excluding the East End — rose to $700,000 for the first time among deals that closed during the July to September period, Newsday real estate reporter Jonathan LaMantia reports.

Record high median home price on Long Island 

Home prices on Long Island may have reached their peak in 2024. NewsdayTV's Ken Buffa discusses with business reporter Jonathan LaMantia.

September median home prices show a slight dip 

Median prices in Great Neck, Amityville and Franklin Square all increased at least 17% in the first half of 2024. NewsdayTV's Virginia Huie and Newsday business reporter Jonathan LaMantia have the story.

'Prices are crazy'

According to a report by state Comptroller Thomas P. DiNapoli, pretax profits of securities firms in New York City rose nearly 80% in the first half of this year compared with the same period in 2023.

Wall Street profits climb 80% in the first half of 2024 

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

Newsday TV

NewsdayTV Top Item

Navigating politics over Thanksgiving and where to get holiday pies. Here's a look at some of the exclusive stories you may have missed this week on NewsdayTV.

Navigating politics over Thanksgiving and more stories you may have missed on NewsdayTV this week

Business - megaslot

What's happening with Long Island companies, Nassau & Suffolk small businesses, plus stock market updates.

Stay logged in.