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Also about 40-percent of homes in America have no mortgage on them. If you own one of these homes (and never took out a second mortgage) selling it and moving to a house of similar value is not really effected by interest rates.

This is way more the case for older people, but still possible.

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You tend to achieve less value if interest rates are high, as the buyer will typically need a mortgage, and the pool of prospective buyers decreases as borrowing costs rise, and supply and demand does the rest.

But in that example a person is selling one house to buy another (presumably a cheaper/smaller one). Market conditions will even out.

> to achieve less value if interest rates are high

it could be more value compared to the future when interest rates may be even higher

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