# Five Town Homes \& Living: Local Expertise\-Trusted Results\!

> "At Five Town Homes \& Living, we’re not just real estate agents—we're lifelong residents sharing decades of local insight \& trusted guidance\.

Generated by Yoast SEO v28.2, this is an llms.txt file, meant for consumption by LLMs.

## Pages
- [Nassau County News](https://fivetownhomesandliving.com/nassau-county-news/)
- [Nassau County Real Estate News For Homeowners and Renters](https://fivetownhomesandliving.com/nassau-real-estate-news/)
- [Five Towns Restaurant Guide — Best Dining in Hewlett, Woodmere, Cedarhurst, Lawrence \& Inwood](https://fivetownhomesandliving.com/five-towns-restaurant-guide/)
- [Five Town Homes Real Estate Glossary \& Home Buying Terms \(A\-Z\)](https://fivetownhomesandliving.com/five-town-homes-real-estate-glossary-home-buying-terms-a-z/): A clear A–Z list of real estate terms every Five Town Homes buyer, seller or homeowner should know\.
- [Contact](https://fivetownhomesandliving.com/contact/)

## Posts
- [Westbury Legal Update: Impact of Recent Sentencing on Local Property Considerations](https://fivetownhomesandliving.com/westbury-legal-update-impact-of-recent-sentencing-on-local-property-consideratio/): A Westbury resident was sentenced to six years in prison on Friday after pleading guilty to the distribution of heroin, fentanyl, and cocaine\. The conviction follows an investigation by the Nassau County District…
- [Garden City Dining Changes and Oceanside Healthcare Updates: Nassau County Business Brief](https://fivetownhomesandliving.com/garden-city-dining-changes-and-oceanside-healthcare-updates-nassau-county-busine/): A Garden City Italian restaurant has closed its doors, while Mount Sinai South Nassau in Oceanside has received top\-tier quality ratings\. Additionally, a new business supporting grieving pet owners has launched on Long…
- [Lawrence Infrastructure: $150,000 State Grant Targets Route 878 Enhancements](https://fivetownhomesandliving.com/lawrence-infrastructure-150000-state-grant-targets-route-878-enhancements/): Village of Lawrence officials and Senator Patricia Canzoneri\-Fitzpatrick announced a $150,000 state grant to offset costs for recent infrastructure projects along Route 878\. These improvements are part of an ongoing…
- [Nassau County Networking: How High\-Profile Events Influence Local Real Estate Trends](https://fivetownhomesandliving.com/nassau-county-networking-how-high-profile-events-influence-local-real-estate-tre/): A recent series of high\-profile gatherings across Long Island, including events featuring Governor Kathy Hochul and County Executive Bruce Blakeman, highlighted the region's active professional and philanthropic…
- [Glen Cove Real Estate: Remembering Rabbi Irwin Huberman of Congregation Tifereth Israel](https://fivetownhomesandliving.com/glen-cove-real-estate-remembering-rabbi-irwin-huberman-of-congregation-tifereth/): Rabbi Irwin Huberman, the spiritual leader of Congregation Tifereth Israel in Glen Cove since 2007, passed away on August 1 at the age of 73\. A longtime resident of the Glen Cove community, he was known for his musical…

## Feed Items
- [Mortgage Rates Sideways to Slightly Lower](https://fivetownhomesandliving.com/wprss_feed_item/mortgage-rates-sideways-to-slightly-lower/): It's not at all uncommon for mortgage rates to experience microscopic movement in either direction on any given day\. In fact, it's probably the most common eventuality over time\. In that sense, today was unremarkable with the average lender moving just a hair lower versus yesterday's latest levels\. But in another sense, it's very good news\. After yesterday's market reaction to the Fed press conference, there was a risk that bonds \(which dictate rates\) would continue their protest\. The absence of additional drama suggests the reaction was "one and done\."  This morning's economic data had a small chance to cause a reaction in rates, but it turned out to be uneventful and possibly even helpful\.  \[thirtyyearmortgagerates\]
- [Mortgage Rates Roughly Unchanged Versus Friday's Lows](https://fivetownhomesandliving.com/wprss_feed_item/mortgage-rates-roughly-unchanged-versus-fridays-lows/): After bottoming out around 6\.5% in late June, mortgage rates moved steadily higher this month, ultimately hitting 6\.85% last Thursday\-\-the highest level in over a year\. There was a modest recovery on Friday with a fair amount of intraday changes from the average mortgage lender\.  Because rates are based on bonds, it's worth noting that bonds are in better shape today compared to Friday's latest levels\. But if we use Friday's stronger mid\-day levels as a baseline, bonds are just barely stronger\. As such, it's no surprise to see mortgage rates just barely lower\. The key consideration for the bond market over the weekend was the announcement of a pause in the fighting in Iran\. This helped oil prices move lower, thus lowering inflation implications and bond yields\. This is the financial market's way of saying interest rates can also come down\.  The caveat is of course that a resurgence of fighting in Iran could cause oil and inflation expectations to rise again, thus putting renewed pressure on rates\. In addition, Wednesday's Fed announcement is also a potential source of volatility\. The Fed is not expected to hike or cut, but the market is less convicted than normal about the Fed's likely course of action\. That means the result will be somewhat surprising to a larger share of the market than normal, and that's a recipe for volatility\.
- [Mortgage Rates Slightly Higher Despite No Fed Rate Hike](https://fivetownhomesandliving.com/wprss_feed_item/mortgage-rates-slightly-higher-despite-no-fed-rate-hike/): Heading into today's Fed announcement, futures markets indicated roughly a 1 in 3 chance that the Fed would hike rates\. They did not\. This seems like it should have been good news for rates, but there's a catch\. Rates exist on a spectrum defined by "duration\." Specifically, there are different rates for different lengths of loans\. The Fed Funds Rate is relevant to loans of the shortest duration \(mostly overnight lending between the largest financial institutions\)\. Mortgage rates, meanwhile, are more closely linked to longer term loans\-\-bonds with durations that average 5\-7 years\.  When a Fed decision or the Fed outlook is actively being traded, we often see big divergences between the shortest\-term rates and the longest\. Today's reaction is a prime example\. 2\-year Treasuries \(short enough to get some benefit from the Fed holding rates steady\) fell noticeably\. But longer term rates launched higher\.  Why? Warsh basically told the market that he doesn't need to hike if the market is going to do it for him\. And because short\-term bonds have to stay more closely linked to the Fed Funds Rate, it's longer\-term bonds that can actually accommodate Warsh's request\.  Mortgages are long enough to see a bit of damage from this trading dynamic, thus the moderate increase in today's average 30yr fixed rates\. It's also worth mentioning that the day got off to a challenging start for rates due to overnight increases in oil prices \(which have been closely linked to rate movement during the Iran war\)\. 
- [Mortgage Rates Roughly Unchanged Despite Bond Market Improvement](https://fivetownhomesandliving.com/wprss_feed_item/mortgage-rates-roughly-unchanged-despite-bond-market-improvement/): Mortgage rates had a tough day on Friday, largely in response to bond market volatility surrounding heavy forex trading as a part of US/Japan efforts to prop up Japanese currency \(not a common source of inspiration for rates\)\.  Higher oil prices didn't help\. As we begin the new week, de\-escalation in the Iran war pushed oil prices much lower\. As has been the case frequently during the war, bond yields followed oil prices in relative lock\-step\.  While it's almost universally true that lower bond yields beget lower mortgage rates, there are occasionally days where the correlation isn't as strong as normal\. Today was one of them\. Whether or not any given lender was lower than Friday depends largely on whether they raised rates in the middle of the day on Friday\. The average lender is still fairly close to the rates seen on Friday morning\. Lenders who raised rates on Friday afternoon are generally a bit lower today\.
- [Mortgage Rates Back Near Long\-Term Highs](https://fivetownhomesandliving.com/wprss_feed_item/mortgage-rates-back-near-long-term-highs/): To be fair, mortgage rates haven't been far from their long\-term highs in over a week, but today's 30yr fixed index level of 6\.83% is functionally equivalent to the actual long\-term high of 6\.85% seen on July 23rd\.   Higher rates are driven by weakness in the bond market\. The latter can happen for many reasons\. Sometimes those reasons are as simple as an economic report showing stronger job growth or higher inflation\. Other times, the reasons are more esoteric\. Today's bond market weakness may have been modestly influenced by this morning's Employment Cost Index, but the bigger issue was definitely in the esoteric category\. It involved behind the scenes intervention in forex on the part of the Treasury Department and its Japanese counterpart \(Japan's Ministry of Finance\)\.  In not so many words, Japan occasionally sells dollar\-denominated bonds in order to buy Yen\-denominated bonds in order to make its own currency more valuable\. Today, the U\.S\. did the same in order to take some control of that narrative and have a say in the bonds that were being sold\. Either way, bond selling = higher rates, all else equal\.  \[thirtyyearmortgagerates\]

## Categories
- [Community](https://fivetownhomesandliving.com/category/community/)
- [Real Estate](https://fivetownhomesandliving.com/category/real-estate/)
- [Public Safety](https://fivetownhomesandliving.com/category/public-safety/)
- [Government](https://fivetownhomesandliving.com/category/government/)
- [Education](https://fivetownhomesandliving.com/category/education/)

## Tags
- [North Shore](https://fivetownhomesandliving.com/tag/north-shore/)
- [Eastern Nassau](https://fivetownhomesandliving.com/tag/eastern-nassau/)
- [Central Nassau](https://fivetownhomesandliving.com/tag/central-nassau/)
- [atlantic beach NY waterfront](https://fivetownhomesandliving.com/tag/atlantic-beach-ny-waterfront/)
- [woodmere ny homes for sale](https://fivetownhomesandliving.com/tag/woodmere-ny-homes-for-sale/)

## Tags
- [IDX](https://fivetownhomesandliving.com/layout_tag/idx/)
- [Contact](https://fivetownhomesandliving.com/layout_tag/contact/)
- [Town Pages](https://fivetownhomesandliving.com/layout_tag/town-pages/)
- [five town homes listings](https://fivetownhomesandliving.com/layout_tag/five-town-homes-listings/)
- [five town homes rentals](https://fivetownhomesandliving.com/layout_tag/five-town-homes-rentals/)

## Type
- [module](https://fivetownhomesandliving.com/layout_type/module/)
- [row](https://fivetownhomesandliving.com/layout_type/row/)
- [section](https://fivetownhomesandliving.com/layout_type/section/)
- [layout](https://fivetownhomesandliving.com/layout_type/layout/)

## Module Width
- [regular](https://fivetownhomesandliving.com/module_width/regular/)

## Scope
- [not\_global](https://fivetownhomesandliving.com/scope/not_global/)

## Optional
- [Sitemap index](https://fivetownhomesandliving.com/sitemap_index.xml)