Yeah this is the narrative that is always played every time there is a talk about even slightest increase in interest rate. When politicians and news media alike play this narrative this gives people signal that house prices can never go down. I know a couple who is one layoff away from defaulting their mortgage, but they bought a house with mortgage 60% of their income since they think housing prices can never go down.

Assuming you are able to afford your mortgage in the first place and want to live in the house for distant future, why is repricing in due to rate change a problem anyway?