Singer Island, Florida – Weekly Condo Update 09/25/09 – Condos for Sale

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Singer Island, Florida

There are 338 condos for resale on Singer Island; 14 condos are currently pending. No condos sold within the past 7 days. 

Rates remained the same as week remaining near the record lows with the 30-yr fixed mortgage at 5.04%.  The average 15-year fixed mortgage rate decreased slightly to 4.46% from 4.47%.

Applications for home loans surged nearly 13 percent over last week as buyers and owners refinancing anre taking advantage of the low mortgage rates.  Washington is also still considering extending the $8,000 tax credit for first time home buyers into next years.  This credit is due to expire November 30, 2009.

 According to mortgage experts polled by Bankrate.com, 69 percent expect rates to hold steady over the next 30 to 45 days; while the remaining experts are almost evenly split with 15 percent who think rates will rise and 16 percent predict they will fall. 

For more information on specific condominium sales activity contact Jeannie at 561-889-6734 or email her at [email protected]

 

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