Maybe it's me, but this feels counterintuitive. As mortgage rates go up, demand falls, and then prices fall. That is, at any given moment, the total cost of the mortgage remains same-ish.<p>But. Most importantly, eventually, you'll be able to refinance at a lower rate. That is, you're getting a home priced for, say, 7%+ market, and paying for it at, say, a 5% rate; which also likely means your home will increase in value because demand has returned.