Ya, your rate was 10% but your house only cost $100k, at a salary of 40-50k that easily worked out. Now, we are in a lose-lose situation: rate goes up, mortgage

Ya, your rate was 10% but your house only cost $100k, at a salary of 40-50k that easily worked out. Now, we are in a lose-lose situation: rate goes up, mortgages are more expensive, but if rates go down, house prices explode so mortgages are still more expensive. Anything less than a surplus of housing is not going to lower or stabilize home prices.