MNI BRIEF: Trump Orders $200B In Mortgage Bond Purchases

President Donald Trump on Thursday said he is instructing his "Representatives” to buy USD200 billion in mortgage bonds, claiming that doing so will drive rates and monthly payments down.

"Now, I am giving special attention to the Housing Market," Trump wrote on Truth Social, referring to Fannie Mae and Freddie Mac. "I am instructing my Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS. This will drive Mortgage Rates Down, monthly payments DOWN, and make the cost of owning a home more affordable."