How Will We Be Affected By the $1 Trillion Loss in the Tax Bill?

[Account Closed]

One thing I've been curious is how the $1 trillion deficit will affect Americans and more specifically, the real estate market. Should the Treasury have to pull out a Federal Reserve loan to finance the debt, we can expect interest rates to rise. And obviously, with higher interest rates, borrowing power is reduced.

My question is: could higher interest rates lower property values and raise cap rates as well?