I would imagine it ends up with a similar monthly payment overall though. If I'm home buying and not paying cash (Almost everyone), then I'm looking at the mont

I would imagine it ends up with a similar monthly payment overall though. If I'm home buying and not paying cash (Almost everyone), then I'm looking at the monthly payment at X%. So if mortgage rates go 3% -> 5% I would guess that what people are willing to pay drops a bit as well. BUT I'm not sure that has happened in practice yet.