Weekly Market Update-12/05/08: Condo Sales on Singer Island, Florida

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There are 345 condos for resale on Singer Island; no condos have sold in the last 7 days and 15 are currently pending. Mortgage rates for 30-yr fixed rates plungrd this week to the lowest levels since January due to the governments efforts to shore up the mortgage markets.  The average rate for 30-yr fixed mortgages dropped to 5.53%, down from 5.97% last week; …