Jan. 9 at 3:25 PM
$ONIT President Donald Trump orders a massive purchase of mortgage bonds to make real estate loans cheaper. He is instructing “his representatives” to purchase
$200 billion worth of real estate bonds, Trump announced on his Truth Social platform. This will lead to lower mortgage rates and monthly payments, making real estate ownership more affordable, he wrote.
Trump referred to the real estate financiers Fannie Mae and Freddie Mac, which were bailed out by the US government after the 2008 mortgage crisis. They have reserves of
$200 billion (currently €172 billion). The exact terms and timeframe of Trump's desired mortgage bond purchases remain unclear for now.