Overview
- The president announced on Truth Social that he instructed his representatives to purchase $200 billion in mortgage bonds.
- He said the goal is to drive mortgage rates and monthly payments lower to make homeownership more affordable.
- Trump framed the funding as coming from his decision not to sell Fannie Mae and Freddie Mac, claiming the entities have $200 billion in cash.
- News reports noted no confirmation of any executed purchases and offered no details on which government bodies would carry out the plan or under what authority.
- The move aligns with recent White House messaging focused on housing affordability ahead of the midterm elections, following prior signals of broader housing reforms and curbs on institutional home buying.