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The Independent UK
The Independent UK
Business
J.R. Duren

Will Trump’s $200 billion mortgage bond buy actually lower your housing costs?

Donald Trump Bonds The Independent Fannie Mae Freddie Mac Steve Hill

President Donald Trump made a surprising announcement Thursday on Truth Social about mortgages that may have potential homebuyers excited about lower rates.

The president wrote that he plans to get Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds so mortgage rates will drop and homebuyers will save on monthly payments. Fannie Mae and Freddie Mac are government-backed companies that buy mortgages from lenders to free up lenders’ cash to offer home loans.

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