Weekly Update – 4/3/09: Condos for sale on Singer Island, Florida

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There are 385 condos for resale on Singer Island (7 new listings came on the market over this past week); 4 condos sold in the last 7 days and 9 are currently pending. The condos sold for 95%, 77%, 66% and 86% of their respective list prices.

Mortgage rates for 30-yr fixed rate fell this week from 4.85% to 4.78%, the lowest point in Freddie Mac’s recorded history dating back to 1971. The 15-yr fixed mortgage rate fell from 4.58% to 4.52%.

According to mortgage industry experts polled by Bankrate.com this week, 64% believe there will be no change in mortgage rates over the next 30 to 45 days, with 29% percent thinking they will rise, and the remaining 7% 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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