The above results reflect the needed adjustment in the price of a property to a prospective purchaser associated with a change in mortgage rates in order for that purchaser to maintain the same mortgage payment subject to that purchaser's original intended dollar down payment. This analysis assumes a thirty year fixed rate mortgage and does not consider other alterative financing arrangements, such as variable rate mortgages, that may be available to a prospective purchaser under circumstances of rising or falling fixed mortgage rates. This analysis further assumes that housing values are extremely sensitive to changes in thirty year fixed mortgage rates and that housing values and bond values are highly correlated and that housing values and mortgage rates move inversely to one another. However, in actual circumstances this may not be the case and that this assumed correlation between housing values and bond values and this assumed inverse relationship between mortgage yields and housing values may severely breakdown especially during periods of shorter time intervals. It is also important to note that there have been known historic periods of time or instances where there have been either 1) simultaneously rising mortgage rates and rising home values or 2) simultaneously falling mortgage rates and falling home values.