#mortgage-bonds

#mortgage-bonds

Finally, I've instructed government-backed institutions to purchase up to $200 billion in mortgage bonds to bring down interest rates, and I'll be announcing a new Fed chairman in the not-too-distant future. I think he'll do a very good job, mused Trump before realizing that he had just given some insight into whom he had selected. See, I gave away some of it he. I did give that away, so we have something, got something, quipped the president before continuing: But somebody that's very respected.

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."