Overseas investors hold about $1.36T in US mortgage debt, with Japan, China, Taiwan and Canada accounting for 61% of that total. South Korea ranks 10th with $36.5B invested
Trump administration keeps up pressure on Fed, but investors don't expect the US central bank to cut short-term rates until September as policymakers weigh tariff impacts
Applications for purchase loans fell 5% last week as rates climbed to highest level since February over concerns about inflation and growing government debt
Moody's Ratings is last credit agency to strip US of its most favorable debt rating over concerns that Congress and 'successive US administrations' have failed to tackle annual budget deficits