Comment: We knew this was coming. Eventually interest rates will rise. In this case on home mortgages. With this, you can expect home prices to stabilize and then fall. Some would say: Sell that house, NOW!
Remember, when you see interest rates spike uncontrollably, 3%, 3.5%, 4%.... then the big transfer of wealth will take place. Money will flow out of the bond and stock markets and into commodities.