President Donald Trump said in a Truth Social post that he is directing his administration to purchase $200 billion in mortgage-backed securities in an effort to lower mortgage rates and reduce housing costs, citing the financial strength of Fannie Mae ($FNMA) and Freddie Mac ($FMCC).
- Trump said the government will buy $200 billion in mortgage bonds to push mortgage rates and monthly payments lower.
- He stated that Fannie Mae ($FNMA) and Freddie Mac ($FMCC) now hold about $200 billion in cash and are worth significantly more than in prior years.
- Trump said he chose not to sell the two housing finance entities during his first term.
- The announcement was made via Truth Social and outlined as part of a broader affordability initiative.
- No formal policy directive or Treasury statement has yet been released confirming the bond purchase plan, per the White House.
Relevant Companies
- Fannie Mae ($FNMA): Central to the proposal, as the government-sponsored enterprise plays a major role in the mortgage bond market referenced in the announcement.
- Freddie Mac ($FMCC): Also cited in the plan, with its financial position linked to the proposed mortgage bond purchases.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
