President Donald Trump announced a plan on Thursday to lower mortgage rates.
In a post on Truth Social, Trump wrote:
Biden ignored the Housing Market, and instead was immersed with High Crime, Open Borders, runaway INFLATION, the Afghanistan Disaster, and a Military that he left in Chaos and Confusion.
Everything was broken, but I, as President of the United States, have already fixed it! Now, I am giving special attention to the Housing Market.
Because I chose not to sell Fannie Mae and Freddie Mac in my First Term, a truly great decision, and against the advice of the “experts,” it is now worth many times that amount — AN ABSOLUTE FORTUNE — and has $200 BILLION DOLLARS IN CASH.
Because of this, I am instructing my Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS. This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable. It is one of my many steps in restoring Affordability, something that the Biden Administration absolutely destroyed.
We are bringing back the AMERICAN DREAM that was destroyed by the last Administration. MAKE AMERICA GREAT AGAIN!
BREAKING: President Trump announces a $200 BILLION purchase of mortgage bonds to push mortgage rates down immediately
This is how you Make Housing Great Again and reclaim the American Dream
Massive 🇺🇸 pic.twitter.com/wvXrXKGv5M
— Benny Johnson (@bennyjohnson) January 8, 2026
This comes after the president announced on Wednesday that he intends to put a stop to large corporations and investors buying up homes, which is driving up costs and preventing ordinary Americans from being able to purchase their own home.
NEWS ALERT: Trump announces planned crackdown on corporations buying up homes
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