I’m just speak theoretically when I say I want high rate & low price. Obviously, there are reasons why rates would go to such level and those reasons would affect jobs. But then that would in turn affect housing price even more than rates would. So, if we can keep those other variable static and just think of rate & price = monthly payment, it would make sense to want higher rate and lower price. Granted that housing is in equilibrium and not at an overbought level like we are at now. After all, isn’t long term average for rate is in the 8-9% range? If so, we’re still awhile away.