How the recent rise in interest rates on the sale price of mortgages?

Bloomberg.com / Bankrate.com reports are the final average for 30 year fixed rate at 5.74, near a huge 20 basis points just today (Wednesday 10/06). I closed the last week just after the original Black Wednesday in May. I am happy rate and payment. Now my concern turns to property prices. I read that in this kind of market, if mortgage rates climb higher in the short term, prices will drop. Is this true? And if so, how does this affect the appraised value the house? The reason I ask is that I have a VA loan approved and they are required to assess the home and if the loan is limited to the value estimated value. There is an urgency in my contract which allows me to recover all the value is expected to be filed down. If this happens, it is common for the buyer (if a manufacturer) to come up to the appraised value or the seller to exercise their right to withdraw and recover funds deposited?

That is why the bailout is not working. You because of lower housing prices. Any increase in the additional expense of buying a home will hinder buyers enter the market. Price home sales fall to accommodate the increased load. With the decline in sales prices, assessors will need to use lower prices to compare the value of new sales. Thus, reducing the number of new sales. Then the banks will suffer further and guess what? We will bail them out again to resume cycle. If the value is below the sale price you will need to renegotiate the contract.

va loan limits