China's revaluation of yuan effect on housing?

Anyone know how China’s revaluation of their yuan will affect interest rates? China is one of the United States largest buyers of US treasuries

From what I understand:

higher yuan against US Dollar => less money for china to buy treasuries => increase in mortgage interest rates => slow down housing market???

What do you guys think?

Of course the flip side is …

Revaluation →
Increased prices on imports →
Higher prices in stores →
Lower consumer purchasing power →
Demand slows →
Inflation held in-check →
Rates remain stable or drop

But economics is far from my expertise. :slight_smile: