Weekly Condo Update 07/10/09 – Condos for Sale on Singer Island, Florida

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There are 342 condos for resale on Singer Island; 11 condos are currently pending. There were no condos sold within the past 7 days.

Rates dropped for the second straight week. The 30-yr fixed mortgage was 5.20% this week down from 5.32%. The average 15-year fixed mortgage rate fell to 4.69% from 4.77%.

According to mortgage experts polled by Bankrate.com, the majority (44 percent) expect mortgage rates to remain steady over the next 30 to 45 days; whereas 37 percent see a decrease in rates and only 19 percent expect the 30-yr. fixed mortgage rate to increase.

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

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