Trump suggests his ‘representatives' will buy $200 billion in mortgage bonds. What it means for mortgage rates.

Core Insights - Freddie and Fannie have been increasing their mortgage bond holdings in recent months, indicating a strategic move to bolster their positions in the mortgage market [1] - Despite the growth in mortgage bond holdings, the 30-year fixed mortgage rate remains above 6%, which may impact affordability and demand in the housing market [1] Company Actions - Freddie and Fannie are actively expanding their mortgage bond portfolios, reflecting a response to market conditions and potential opportunities [1] Market Conditions - The persistent high rate of the 30-year fixed mortgage, above 6%, suggests ongoing challenges in the housing market, potentially affecting homebuyers' purchasing power [1]