Singer Island, Florida – Weekly Market Update 02/12/10 – Condos for Sale

wreg For Buyers , For Sellers , Marketing Reports , singer island Leave a Comment

 

Singer Island, Florida

There are 328 condos for resale on Singer Island; 21 condos are currently pending. No condos sold within the past 7 days.

 

 

Rates for the 30-yr. fixed mortgage dipped slightly falling back below the 5% benchmark from 5.01 percent to 4.97 percent. This time last year the 30-year average was 5.16 percent. The average 15-year fixed mortgage rate fell slightly to 4.34 percent from 4.40 percent the previous week.

Low interest rates have spurred refinancing activity.  According to the Mortgage Bankers Association, more than two out of three mortgage applications over the first six weeks of this year were for refinance transactions.

Expect little change in mortgage rates over the next 30 to 45 days says 53 percent of the industry experts polled by Bankrate.com.  If there is change, 40 percent foresee an increase while only 7 percent expect a further drop.

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

About the Author

wreg

Leave a Reply

Your email address will not be published. Required fields are marked *