Weekly Condo Update: 6/5/09 – Condos for Sale on Singer Island, Florida

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There are 360 condos for resale on Singer Island; 11 condos are currently pending and 1 condo sold within the past 7 days. The condo that sold closed for 72% of list price.

Rates on 30-year mortgages rose above 5% this week for the first time in 3 months. Rates rose from 4.91% to a 5.29% average. The average 15-year fixed mortgage rate also rose slightly from 4.53% to 4.79%.

According to mortgage experts polled by Bankrate.com, 42% predict that mortgage rates will rise over the next 35 to 45 days, 33% think they will fall and 25% predict rates will remain relatively unchanged.

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

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