Donald Trump has said he would launch a $200bn mortgage bond-buying programme in an attempt to lower mortgage rates, as the US president seeks to tackle an affordability crisis that has weighed on his popularity.
Trump posted on Truth Social that he was “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,” Trump wrote on Thursday afternoon. “It is one of my many steps in restoring Affordability, something that the Biden Administration absolutely destroyed.”
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