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According to the CNBC, the mortgage rates are climbing in response to a sale in the US Treasury bonds.
Throw in China’s accelerated mortgage sales and things can worsen. The mortgage pace tends to follow the 10-year treasury product, so it does not work well for mortgage loans if investors decide to sell US treasury bonds.
Adding Risk, US Mortgage Support Securities (MBS) can be increased by 15% stored by foreign countries, but also increased in the sales block
“If China wants to hit us hard, do they empty the treasures. Is this a threat? I am sure that the current Cecala, the current mortgage finance, told CNBC.
During the article, President Donald Trump introduced 145% of Chinese goods, and China has retaliated with 125% of the imported American goods.
If countries like China, tariffs and trade policy, if they decide to collect US treasures and MBS from casting, how can this affect you?
Treasury securities are bonds issued and supported by the US federal government, and mortgage-supported securities (MBS) are mortgage pools.
According to the global markets, foreign countries have $ 1.32 trillion-dollar mortgage-supported securities analysis From Ginnie Mae. China, Japan, Taiwan and Canada are one of the largest owners of the agency’s mortgage supportive securities.
If Chinese institutions began selling MBS – and other countries begin after the suit – can be rippli with global financial markets.
Some suspicions will happen. “By destroying the remaining holdings and global foreign exchange markets,” destroying global foreign exchange markets, “said,” Melissa Cohn, William Raveis Mortgage Regional Vice President tell Newsweek.
In general, the country’s currency, reninbie (RMB), as a nation below US dollars, as a nation, which is lower than US dollars, as a nation, which is lower than the US dollar, wants to compete with exports. Thus, taking the US debt, China and Americans can continue to buy more Chinese products.
Again, a growing trade war increased uncertainty – and he wants to win the losses of China, not outside the sales table. China has already begun sell Last year there are some US MBS and assumptions that continue to do so.
