There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home.
However, history shows us that this has not been the case the last four times mortgage interest rates dramatically increased.
Source (read more): Will Increasing Mortgage Rates Impact Home Prices? | Keeping Current Matters