05/15/2026
Your Weekly Real Estate Update 🏠
Since the Iran conflict escalated earlier this year, mortgage rates have climbed roughly 0.50% as inflation concerns, rising oil prices, and higher Treasury yields continue to pressure the bond market. That increase has slowed refinance activity considerably, but here on Long Island, the purchase market has remained surprisingly competitive.
Many buyers across Nassau and Suffolk County still have strong income, liquidity, and overall financial profiles, and well-priced homes continue to attract multiple offers, especially in the move-in ready segment of the real estate market.
The buyers winning deals right now (outside of cash buyers) are typically the most prepared: fully pre-approved, realistic about their monthly comfort level, and ready to move quickly when the right property hits the market.
30 year interest rates remain slightly below 6% at 5.99%
Despite higher interest rates, demand for quality inventory on Long Island remains strong.
Let me know if you have any questions and always here to help when you are ready.
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