In the following video segment, Motley Fool analyst Austin Smith discusses with host Chris Hill two irrational fears homebuyers worry about when thinking about purchasing a home on today's market: rising prices, and rising interest rates. Austin spells out why prospective homebuyers shouldn't be concerned with these at the moment over a 30-year timeline, and he warns those looking into buying a home about what the real potential danger is.

Austin Smith, Chris Hill, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.