China is one of largest owners of U.S. mortgages. There is growing concern that in retaliation for tariffs the country could sell them, causing rates to rise.
  • kikutwo@lemmy.world
    1·
    9 months ago

    Honestly it could use it considering a total dump, ancient cottage that needs a gut reno still goes for $400k by me. That probably sounds like a bargain for some parts of the US.