Weekly Condo Update 07/03/09 – Condos for Sale on Singer Island

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There are 342 condos for resale on Singer Island; 11 condos are currently pending. Three condos sold within the past 7 days for an average 66% their original list price. Rates dropped slightly this past week. The 30-yr fixed mortgage was 5.32% this week down from 5.42%. The average 15-year fixed mortgage rate fell to 4.77% from 4.87%. According to mortgage experts polled …