How interest rate effect sellers

Here's the other side of the interest rate "coin".....Sellers need to keep in mind that when rates go up their home values go DOWN!  Here's how:  Let's say your home is worth $300,000 and interest rates are at 4.5%.  Your potential buyers are shopping for homes in the $1520.06 mortgage payment area.  When rates increase to 5.5%, that $1520 payment only buys a house worth $268,000 and when it reaches 6.5% your house will effectively be only worth $240,000!  You LOOSE $60,000 in home value by not selling QUICKLY!!  And it gets scarier as the rate increases....