If Interest Rates Rise, What Will Happen to the Demand

Multiple Choice

If interest rates rise, what will happen to the demand for housing?

A) There will be an increase in demand for housing because of a greater return on investing in housing.
B) There will be no change in the demand for housing as interest rates have no effect on demand and instead shift the supply curve.
C) There will be a rise in demand for housing because of the greater availability of mortgages.
D) There will be a decrease in demand for housing because of a higher cost of servicing the mortgage debt.