Trump orders representatives to buy $200B in mortgage bonds
CNBC••general
Key Points:
- Former President Donald Trump announced on Truth Social that he is instructing his representatives to purchase $200 billion in mortgage bonds, aiming to lower mortgage rates and monthly payments.
- Trump cited the strong cash position of Fannie Mae and Freddie Mac as the basis for this directive, but it remains unclear who exactly his representatives are or which entity will execute the bond purchases.
- The announcement follows comments from FHFA Director Bill Pulte about a potential IPO of Fannie Mae and Freddie Mac, expected to be decided by Trump within the next couple of months.
- Trump criticized the Biden administration for neglecting the housing market and claimed his decision not to sell Fannie Mae and Freddie Mac during his term has created significant financial value.
- Experts note uncertainty about the
