Housing prices may drop a little, but that will not make them more affordable.
Higher interest rates will result in higher payments.


They are working the problem from the wrong end.
They should be increasing supply and productivity.
Starting with oil.

They are trying to curb demand by raising interest rates.
This may reduce demand and therefore prices on some big ticket items like homes, cars, trucks, but it will make none of those things more affordable. The price may be lower, but the payment will be higher.

The cost of necessity goods and services that are already in short supply will probably increase if those businesses need to borrow money to operate. They will pass the added cost of interest into their goods and services, especially if demand remains higher than supply.

Forcing a decrease in demand for cars, trucks, and luxury goods and services will hurt some businesses, and may cause layoffs and/or business closures, which will cause further harm to the economy.

Increasing interest rates during times of supply shortages looks really stupid.

While our government appears to be incompetent, I am starting to think the opposite may be the case.
It looks more like they want to completely destroy America in order to rebuild it as something else.