There’s another aspect to this equation: Homebuyers who are willing and able to stretch to cough up those higher mortgage payments can’t spend this money on other things. Falling mortgage rates gave a huge boost to home prices and to the entire economy in numerous ways. But that process will go into reverse.
https://wolfstreet.com/2018/01/20/whatll-rising-mortgage-rates-do-to-housing-bubble-2/
