TechFlow news — On January 9, according to Jinshi Data, U.S. President Trump stated that he is ordering the purchase of $200 billion in mortgage-backed securities, viewing this move as his latest effort to lower housing costs ahead of the November midterm elections. Trump announced the initiative on social media Thursday local time, but his post did not clarify how these purchases would be carried out or which entity would conduct them. Trump said, "I have instructed my representatives to purchase $200 billion in mortgage bonds. This action will drive down mortgage interest rates, reduce monthly payments, and make home buying more affordable." He added that during his first term, his decision not to sell Fannie Mae and Freddie Mac allowed these two institutions to accumulate "$200 billion in cash," and he made this announcement precisely "for this reason."
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