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The Economic Times

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Trump turns to mortgage bonds in fresh drive to ease housing affordability

US President Donald Trump has directed Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to lower borrowing costs and ease housing affordability pressures. The move aims to nudge mortgage rates down by 1015 basis points, though economists expect only a modest impact on the sluggish housing market.

9 Jan 2026 10:25 am