US EditionTrump orders his 'Representatives' to buy $200 billion dollars in mortgage bonds
The $200 billion mortgage bond purchase aims to lower mortgage rates and monthly payments, increasing affordability for American homebuyers, Trump said.
- On Thursday, President Donald Trump ordered his representatives to buy $200 BILLION in mortgage bonds, posting the instruction on Truth Social to intervene in the market.
- As precedent, Fed purchases of mortgage bonds during the pandemic reached hundreds of billions, helping produce ultra-low mortgage rates in the American mortgage market.
- Trump says Fannie Mae and Freddie Mac hold $200 BILLION DOLLARS IN CASH after he chose not to sell them, calling it `AN ABSOLUTE FORTUNE` that could fund purchases.
- Generally, buying mortgage bonds lowers interest rates, and economists say large buyers push mortgage interest rates down; President Donald Trump claimed the purchases `will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable` for American mortgage borrowers.
- CNN reported in August that Trump and his economic advisers were planning a sale of stock in Fannie Mae and Freddie Mac, while Trump has long weighed an IPO of the two entities.
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84 Articles
Donald Trump promised Americans lower prices - but life in the US remains expensive. Now Trump intervenes to make the purchase of real estate cheaper.
The purchase of houses in the US has become significantly more expensive in recent years. One reason is increased credit costs. President Trump now demands that the financiers Fannie Mae and Freddie Mac force the breach. The effect is questionable.
Fannie, Freddie to buy US mortgage bonds, agency chief says
Fannie Mae and Freddie Mac will buy $200 billion of mortgage bonds as part of the administration’s latest affordability push, Federal Housing Finance Agency Director Bill Pulte told Semafor. President Donald Trump had said on Truth Social he wanted his “Representatives” to buy the bonds in an effort to “drive Mortgage Rates DOWN.” “Mortgage bonds are critical to mortgage interest rates, so if you purchase bonds, oftentimes the price will go up a…
The high cost of real estate loans is causing Americans to create – and they put pressure on the Republicans before the Congressional elections in the autumn. Now, US President Trump has announced an unusual measure.
Donald Trump directs representatives to buy $200 billion mortgage bonds — Here's what this means for US housing prices
Donald Trump said he has directed the purchase of $200 billion in mortgage bonds. The move is significant, as it comes months ahead of the US November midterm election and is expected to reduce housing costs in the country.
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