There are 351 condos for resale on Singer Island; 12 condos are currently pending. Two condos sold within the past 7 days at a sales price of 63% and 48% of list; and days on market of 325 and 323, respectively.
Rates for the 30-yr. fixed mortgage rose for a second straight week to 4.94 percent from 4.81 percent; still remaining below the 5 percent benchmark. The average 15-year fixed mortgage rate rose to 4.38 percent from 4.32 percent the previous week.
Roughly three out of four mortgage applications were for refinancing during the first two weeks of December according to the Mortgage Bankers Association.
About forty percent of the mortgage industry experts polled by Bankrate.com expect the rates to remain steady over the next 30 to 45 days; while 27 percent foresee an additional decrease and the remaining 33 percent believe rates will rise.
For more information on specific condominium sales activity contact Jeannie at 561-889-6734 or email her at [email protected]