Weekly Condo Update – 3/13/09: Condos for sale on Singer Island, Florida

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There are 382 condos for resale on Singer Island (10 new listings came on the market over this past week); 4 condos sold in the last 7 days and 9 are currently pending.

Mortgage rates for 30-yr fixed rate fell this week from 5.15% to 5.03%; at this time last year, the 30-year, fixed-rate mortgage averaged 6.13 percent. The 15-yr fixed mortgage rate fell from 4.72% to 4.64%; at this time last year, the 15-yr fixed mortgage rate averaged 5.60%.

According to mortgage industry experts polled by Bankrate.com this week, 69% believe there will be no change in mortgage rates over the next 30 to 45 days, with 23% percent thinking they will rise, and the remaining 8% believing the rates will decrease.



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

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