Will Increasing Mortgage Rates Impact Home Prices? History says probably not. What higher rates will do is to reduce the amount of house you get for your money. When the rates move up, the monthly payment moves up if everything stays the same. But, in order to keep your payment where it would have been you either need more money down or buy a lower priced home. No one knows what will happen. No matter what, it is informed speculation. If you are thinking of buying, and you agree that rates are likely to move up, then this is a good time to buy! Read more in today's article