6% in the history of mortgages, is pretty average. We've been living in a bubble where 0-3% was "the norm" however it was anything but.

Also.. the inflated prices, won't deflate. Infact I think they can go higher.

Less and less people are willing to sell their homes because they locked in such a low rate. As long as demand is where it is, and inventory keeps dropping.. guess where the home values go...