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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 $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. ...