Careful what you wish for. It's entirely possible that increased rates will depress house prices but, on balance, houses still get less affordable. That $2.1M

Careful what you wish for. It's entirely possible that increased rates will depress house prices but, on balance, houses still get less affordable. That $2.1M house might go down to $1.5M, but if rates go from 6% to 10% you'll be paying more each month (assuming 20% down, borrowing over 30 years) Worse, if prices continue to sink you'll be trapped in negative equity.