Mortgage Watchers Worry About China - 2006-01-10
China's latest signal that it might diversify its foreign investments in 2006 has mortgage industry watchers concerned. If China purchases less U.S. Treasury securities this year, it could drive up interest rates and cool down the real estate market. Like Japan, China is a big buyer of U.S. Treasuries and other U.S. debt such as securities issued by housing agencies Freddie Mac and Fannie Mae.
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