How do rising interest rates affect mortgages and the Orlando housing market?
How do rising interest rates affect mortgages and the Orlando housing market?
A few months ago — thanks to the frenzied housing market activity resulting in homes quickly disappearing off the market — Orlando house hunters were willing to give their first-born child with their offer, Realtor Deanna Armel said. Today, that has slowed a bit, the owner and broker of Kissimmee-based Armel Real Estate Inc. told Orlando Business Journal. “It’s been a slow transition from craziness. Instead of 25 offers, I’m getting five.” Central Florida’s red-hot housing market…
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