It does seem as though long term rates are starting to creep up. This would put downward pricing pressure on houses.
Higher interest rates would increase deflation as well, in general.

Not sure about the 3% downpayment deals. HLS seems to be the guy who knows what’s really going on in the mortgage business right now. But money is money. Losing it never feels good. Even if it’s the “houses” money. Which it really isnt if you took it from the house. It’s yours.