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

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China may make a retaliatory’ move that experts say will hit' US homeowners 'hard' Here's what's happening Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.

China 's foreign exchange reserves were $3.205 trillion at the end of April , compared to $3,184 trillion in March .

A MBS sell-off could disrupt global financial markets.

The sell-off of mortgage-backed securities ( MBS ) could lead to higher mortgage rates.

As rates rise, refinancing may become less attractive and some buyers could be priced out of the market.

If you're planning to buy, securing a mortgage pre-approval and locking in a good rate now could be wise.

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