At a macro level, mortgage rates impact the market. At a local level, things may be very different. In my area, 2008/09 impacted the price point I was in by abo

At a macro level, mortgage rates impact the market. At a local level, things may be very different. In my area, 2008/09 impacted the price point I was in by about 5-10%. There was too much growth in the area for the downturn to affect prices that much. We did see volume go down, but prices overall stayed relatively the same.