Weekly Condo Update: 6/12/09 – Condos for Sale on Singer Island, Florida

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There are 362 condos for resale on Singer Island; 13 condos are currently pending and no condos sold within the past 7 days.

Rates jumped to the highist level in 7 months this past week.  The 30-yr fixed mortgage was 5.59% this week up from 5.29%. The average 15-year fixed mortgage rate also rose from 4.79% to 5.06%.

Lock your rate in now.  According to mortgage experts polled by Bankrate.com, 59% predict that mortgage rates will rise over the next 35 to 45 days, that is up from 42% last week.  Only 14 percent see no change and the remaining 29% expect a decline.

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

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