Weekly Update – 3/27/09: Condos for sale on Singer Island, FL

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There are 386 condos for resale on Singer Island (15 new listings came on the market over this past week); 1 condo sold in the last 7 days and 8 are currently pending. The one sold condo sold for 96% of list price.

Mortgage rates for 30-yr fixed rate fell this week from 4.98% to 4.85%, the lowest point in Freddie Mac’s recorded history dating back to 1971. The 15-yr fixed mortgage rate fell from 4.61% to 4.58%.

According to mortgage industry experts polled by Bankrate.com this week, 25% believe there will be no change in mortgage rates over the next 30 to 45 days, with 50% percent thinking they will rise, and the remaining 25% 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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