Could the tariffs being imposed on China end up destroying the U.S. real estate market in 30 seconds?
The Chinese are one of the biggest buyers of mortgage backed securities and U.S. treasury notes.
If they decide to sell a big share of them and the market gets flooded with no buyers, rates will skyrocket. Not go up an 1/8th, it could go up 1–2 full points.
Scary. Have a nice day.
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I am changing the narrative in housing. Commissions need to come down, municipalities need to open their eyes and mortgages need more common sense underwriting.