Posted To: Pipeline Press
Greetings from the American Mortgage Conference in Pinehurst, NC! Fun with numbers: A penny is about 1/16 of an inch, or 192 per foot. A mile is 5,280 feet. If one were to stack pennies 1.1 million miles high you’d end up with… darn, never mind. But it’s a big number, just like $1.17 trillion is a big number. That figure – $1.17 trillion – is how much China held in U.S. treasuries as of the end of January and selling them is a potential nuclear option should a trade war get out of hand. China is the second largest owner of U.S. government bonds after the Federal Reserve. Fortunately, the trade war talk has gone away as fast as it started, and mortgage prices, which are driven by supply and demand, probably won’t suffer. Compensation In builder news, multi...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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