Personally, I think price will move in the opposite direction of rates until the monthly payment is at the fundamental. So, if rates goes way up, price would have to go way down. Personally, I would much rather have super high rates and super low price rather than the other way around. This way, any additional payment will make a larger dent in the principal and you can write off more interest for taxes. That’s a win win for me. There’s no way price will stay the same if rate shoots up. Same reason as price wouldn’t stay the same if rates go way down.
