Weekly Update – 3/20/09: Condos for Sale on Singer Island, Florida

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There are 381 condos for resale on Singer Island (14 new listings came on the market over this past week); 1 condo sold in the last 7 days and 9 are currently pending. The one sold condo sold for 79% of list price.

Mortgage rates for 30-yr fixed rate fell this week from 5.03% to 4.98%. It was the lowest since the week of Jan. 15, when it was at 4.96 percent, the lowest point in Freddie Mac’s recorded history. The 15-yr fixed mortgage rate fell from 4.64% to 4.61%.

According to mortgage industry experts polled by Bankrate.com this week, 41% believe there will be no change in mortgage rates over the next 30 to 45 days, with 6% percent thinking they will rise, and the remaining 53% 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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