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.
- Trump asked unnamed buyers to purchase $200 billion of mortgage bonds, aiming to lower rates and monthly payments for homeownership.
- Federal Housing Finance Agency Director Bill Pulte confirmed that Fannie Mae and Freddie Mac will execute the purchase.
- Trump stated that Fannie Mae and Freddie Mac are holding significant cash reserves.
- Shares in mortgage lenders rose after Trump's announcement, as there was a push to lower rates for homebuyers.
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116 Articles
After Trump Posts Bonds Plan, Mortgage Rates Pass Threshold
Mortgage rates just booked their sharpest one-day slide in months, triggered by a social media post from the president. The average 30-year fixed mortgage rate dipped to 5.99% on Friday, slipping below 6% for the first time since February 2023, according to Mortgage News Daily . That's down from 6....
Federal Government to buy $200 billion in mortgage bonds to lower interest rates
WEST VIRGINIA (WVNS) - President Trump announced on social media he directed the federal government to buy $200 billion in mortgage bonds. He said this will help reduce mortgage rates at a time when Americans are worried about home prices. The Federal Reserve has bought mortgage bonds in the past during times of economic hardship [...]
Trump tells Fannie, Freddie to buy $200 billion of mortgage debt
President Donald Trump is directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds, a move he cast as his latest effort to bring down housing costs ahead of the November midterm election.
The Trump administration plans to buy $200,000 million in mortgage bonds to lower fees: will it really help affordability?
Stock Market Today, Jan. 9: Rocket Companies Surges After Trump Floats $200 Billion Mortgage Bond Purchase Plan
Rocket Companies (NYSE:RKT), a mortgage and real estate-focused fintech platform, closed Friday’s session at $23.29, up 9.65%. Rocket Companies IPO'd in 2020 and has grown 8% since going public. Trading volume reached 69.9 million shares, about 111% above its three-month average of 33.4 million shares.Friday’s trading saw housing-sensitive names react to President Donald Trump’s floated $200 billion mortgage-bond purchase plan, and investors are…
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