Yes, the Fed determines "the cost" of money via the setting of interest rates. And a rising rate environment can temper the demand for home buying and weigh on home prices/values. Additionally, it hinders corporate expansion and can squeeze profit margins as it takes more of their earnings to service their debt payments, etc.

agreed but what do you think of the larger picture of a possible recession coming?

I think one is coming because one tends to come roughly every 7 years (on average). And we're at about 9 years or so from our last one now. Also, a bear market in stocks can induce a recession. And I believe that's coming.