Mortgage rates surge over 7% as tariffs hit bond market

Mortgage rates surged over 7% to end the week, after massive volatility in bond markets surrounding President Donald Trump's tariff agenda.

Selling of MBS by foreign owners could further spook the mortgage market

CNBC’s Diana Olick joins 'The Exchange' to discuss mortgage rates volatile week and how China could play a role in raising rates even higher.

Here's how China could crush the U.S. housing market

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.

Weekly mortgage demand jumped 20% last week, as tariff volatility briefly tanked rates

Mortgage demand surged to the highest level since September as Trump's tariff plans caused interest rates to drop. But those rates are now back up.