Home Buyers say rates are not their biggest concern:

A recent Harris Poll on behalf of Trulia showed that of all the concerns that potential home buyers have, a mortgage rate is third on the list.

Their biggest concern is the ability to just get a mortgage at all (regardless of rate), the next biggest concern is the ability to find a home that they like (this is certainly reflected in the very low inventory numbers) and then rounding out the top three is the interest rate.

While no one wants a monthly mortgage payment that is higher than what they were quoted a month ago, the fluctuations of rates have meant only small differences in their mortgage payments.

Forty-two percent said they expect mortgage rates to increase over the next six months, while 20 percent think rates will stay the same. Of their biggest worry, 26 percent named ability to qualify for a home loan compared with 24 percent who pointed to rising rates. Millennials, ages 18-34, are even more concerned about their access to credit than about their rate. Thirty-six percent of millennials polled said access was their primary concern versus 26 percent indicating rising rates.

Nearly two-thirds of the consumers polled said the maximum price they would pay for their first or next home was $250,000. With 20 percent down, the rate increase could mean some buyers would qualify for less on a mortgage, but it would not turn those buyers away.