Trump Tells Fannie, Freddie to Buy $200 Billion of Mortgage Debt

Photographer: Zak Bennett/Bloomberg US President Donald Trump is directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds, a move he cast as his latest effort to bring down housing costs ahead of the November midterm election. Trump announced the move on Thursday in a social media post, saying “This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable.” Most Read from Bloomberg He added that his decision not to sell Fannie Mae ...