Weird take. When mortgage rates go up, demand falls. But you can't just jump to the conclusion that price will fall. Why? Because you have said nothing abou

Weird take. When mortgage rates go up, demand falls. But you can't just jump to the conclusion that price will fall. Why? Because you have said nothing about supply. Is supply constant or going up? From what we know, the answer is neither. Supply is also falling, because folks would have to give up their sweet low rates and buy at a higher rate. So the real question is what's the ratio of demand falling to supply falling? If they are the same, then price will not fall. Price would stay the same.