When the right reason to move comes along, the cost of a mortgage will not be the determining factor.

For buyers who are currently in the market, the difficulty level is moving up.

I second what John Juarez said.  I personally do not worry about interest rates, because I pay my mortgage off well before the 30 year term.

No. Rising interest rates will not create any housing shortages.

Housing shortages are different than rising rates.  We do have a problem with affordable housing but I am not really sure what sector of our economy that will really affect.

No

No rising mortgage rates has nothing to do with housing shortages in my area. 

No.  The two do not affect the other.  At least not in Wisconsin.  Oh the shortages ... my buyers are feeling the pain!!!  I have written on average -- anywhere from 1 to 7 offers with a clients before we win a highly competitive bidding war.  My new saying when buyers feel bad that I have to write yet ANOTHER Offer:  No worries ... I just keep getting better at writing offers!

No. We already have a shortage of housing. Increased rates will not increase the shortage. 

Rising interest rates do not affect any shortages in housing, it makes qualifying more difficult for some buyers. As long as you do not refinance, there is no rise in payment.

how does interest change your principle payment?

Rising interest rates might deter a small portion of buyers, but that would mean slightly more inventory, not shortages.

More likely the opposite, if any effect at all.

I never hit the market at the low but have been a victim of when it was at an all time high! When you need to buy, you buy, and when you need to sell, you sell. If you hit the mortgage market at a near low and have no plans on where to go, stay put. Moving up just to move up may take a hiatus.

Hard to say. I think we're going to have to wait and see. I do think there are people who will be cash buyers if they sell their home. It is the younger folks who are getting hit hard. 

I no matter what the rate will  in an area of heavy demand.  There will be a shortage no matter what the rate is.  Prices will most likely stabilize, however.

Money does strange things to humans. When we lived in caves and trees, or huts and tee-pees, life was so simple. Today, we have equity and it rewards as well as plays with us for those that own. For those that don't, its oppresive

If you follow historical data from past interest rate hikes...No it will not.