President Donald Trump will direct Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds, aiming to lower mortgage rates and increase homeownership affordability for consumers.
Trump made the announcement on Thursday afternoon on Truth Social. Trump said he is giving “special attention” to the housing market and that, because he chose not to sell Fannie and Freddie in his first term, the government-sponsored enterprises are now flush with $200 billion in cash.
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