Weekly Condo Update 07/17/09 – Condos for Sale on Singer Island, Florida

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There are 335 condos for resale on Singer Island; 8 condos are currently pending. Three condos sold within the past 7 days for an average 71% their original list price.

Rates dropped for the third straight week. The 30-yr fixed mortgage was 5.14% this week down from 5.20%. Last year at this time, the rate for a 30-yr mortgage averaged 6.26 percent.  The average 15-year fixed mortgage rate fell to 4.63% from 4.69%.

According to mortgage experts polled by Bankrate.com, half(50 percent) expect mortgage rates to rise over the next 30 to 45 days; whereas the remaining experts are everly split between the rates remaining steady (25 percent) and decreasing (25 percent).

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

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