MNI BRIEF: Trump Orders $200B In Mortgage Bond Purchases
Jan-08 22:14By: Evan Ryser
Federal Reserve+ 1
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."
