China may make a 'retaliatory' move that experts say will 'hit' US homeowners 'hard.' Here's what's happening

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Mortgage rates are climbing in response to a sell-off off in U.S. Treasury bonds, according to CNBC.

Throw in an accelerated mortgage sell-off in China and things could get much worse. Mortgage rates tend to track the 10-year Treasury yield, so it doesn’t bode well for mortgages if investors decide to sell U.S. Treasury bonds.

“If China wanted to hit us hard, they could unload Treasuries. Is that a threat? Sure it is,” Guy Cecala, executive chair of Inside Mortgage Finance, told CNBC.

At the time of writing, President Donald Trump had imposed tariffs of 145% on Chinese goods, while China retaliated with tariffs of 125% on imported American goods.

https://finance.yahoo.com/news/china-may-retaliatory-move-experts-095500223.html