President Donald Trump is now openly pushing to make homeownership more attainable by calling for lower mortgage rates and directing the federal government to buy $200 billion in mortgage bonds, a step he argues will help pull borrowing costs down from current levels near 6% on a 30‑year loan.
He is also urging Congress to cap credit card interest rates at 10% for a year, down from an average near 21%, to help households save faster for down payments. At the same time, he is seeking to ban large institutional investors from buying single‑family homes so ordinary buyers are not competing with deep‑pocketed landlords.
