“特朗普版QE”？特朗普指示“两房”购买2000亿美元美国抵押贷款债券

Core Viewpoint - The article discusses President Trump's announcement to have Fannie Mae and Freddie Mac purchase $200 billion in mortgage-backed securities, aiming to lower mortgage rates and housing costs, which is seen as a form of "Trump-style quantitative easing" [1][2]. Group 1: Trump's Initiative - The initiative is intended to address housing affordability, a key issue in the political narrative, especially as the midterm elections approach [2]. - Trump criticized former President Biden's handling of the housing market and claimed that his decision not to sell Fannie Mae and Freddie Mac has resulted in significant financial gains for these institutions [2]. - The announcement comes alongside Trump's push to ban institutional investors from purchasing single-family homes, highlighting the political implications of housing affordability for the Republican Party [2]. Group 2: Implementation and Market Impact - The Federal Housing Finance Agency (FHFA) confirmed that Fannie Mae and Freddie Mac are prepared to execute these purchases quickly, leveraging their substantial cash reserves [4]. - In recent months, Fannie Mae and Freddie Mac have increased their retained investment portfolios by over 25%, indicating a strategy to improve their financial standing ahead of a potential public offering [4]. - The article notes that while the Federal Reserve has previously engaged in similar bond purchases, it remains uncertain whether Trump's actions will effectively influence mortgage rates [5][6]. Group 3: Broader Economic Context - The White House is reportedly drafting an executive order to address rising living costs, which may include allowing individuals to use retirement and college savings accounts for home down payments [3][6]. - Analysts suggest that enabling citizens to convert savings into home purchase funds could stimulate demand, potentially leading to higher home prices and necessitating further market interventions [6].