Trump says he is instructing 'representatives' to buy $200 billion in mortgage bond purchases in an effort to push down rates
Business Insider·2026-01-09 06:26

President Donald Trump said Thursday that he is instructing "representatives" to buy 200billioninmortgagebonds,arguingthemovewouldlowerinterestratesandmonthlyhousingpayments.InaTruthSocialpost,TrumpsaidthedirectivewaspossiblebecauseFannieMaeandFreddieMachave"200 billion in mortgage bonds, arguing the move would lower interest rates and monthly housing payments. In a Truth Social post, Trump said the directive was possible because Fannie Mae and Freddie Mac have "200 billion in cash." He added the bond purchases would help "make the cost of owning a home more affordable."It was not clear who Trump meant by his "representatives," or which entity would carry out the purchases. ...