Trump Vows To Lower Mortgages With ‘$200 Billion’ Bond Purchase | Eastern NC Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Cameron Arcand.

    President Donald Trump announced that the federal government will purchase $200 billion in mortgage bonds in an effort he believes will help lower housing costs.

    In a Truth Social post on Thursday, he said former President Joe Biden "ignored the housing market" and said that he, by contrast, is giving "special attention" to the issue.

    "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," he said.

    "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," the president continued. Trump directly said it would help in "restoring Affordability," which has become a buzzword on the 2026 campaign trail as the country still recovers from post-pandemic and Biden-era inflation.

    The announcement comes after he said on Wednesday that he would be taking action against institutional investors purchasing single-family homes.

    "It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks," Trump wrote on Wednesday.

    The Daily Wire reported after Trump's Wednesday announcement, this is part of a larger effort by the administration to tackle housing woes nationwide, including the push from the president to select a Federal Reserve chair who will aggressively cut interest rates, as Chair Jerome Powell leaves the role in May.


    "Could somebody please inform Jerome 'Too Late' Powell that he is hurting the Housing Industry, very badly? People can't get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut," the president posted to Truth Social in August.

    Home prices have surged over the last decade by 105%, according to MoneyLion in October.

poll#218

Now that President Trump is picking his cabinet and immediate staff to insulate him from the poor judgement of the Bureaucratic Class, while moving quickly to transition this Constitutional Republic unto a wise and sustainable direction: What is your immediate impression as to how our nation will prosper?

  We are headed toward a Golden Age in America's self-governed society.

  This will all wind up in a clustered mess since Trump is a Fascist, and thought to be the second coming of Adolf Hitler by our best journalists.

  This is a time where critical days lay ahead, where only wise and responsible decisions must be made to sustain US.

  I generally do not pay attention, but expect only the best to occur ... and that is what I always expect.

161 total vote(s)     What's your Opinion?