Your opinion: "when interest rate rises, housing price is down. with 9%+ mortgage, who want to buy houses?"
I just try to point out some facts:
Based on history, when interest rate rises, housing price may increase (please check housing prices in 70s.). People bought home with 10%+ mortgage.
When interest rate drops, housing price may drop (please check housing prices 2000 to 2010).
I am only debating that opinion.