President Donald Trump on Thursday said the United States will purchase $200 billion in mortgage bonds, with the goal of bringing down housing costs.
“Because I chose not to sell Fannie Mae and Freddie Mac in my First Term … it is now worth many times that amount — AN ABSOLUTE FORTUNE — and has $200 BILLION DOLLARS IN CASH,” Trump wrote in a post on Truth Social.
“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,” Trump wrote.
This breaking story will be updated with additional details. …
Trump to Order Purchase of $200 Billion in Mortgage Bonds
