The president said the purchase will drive housing costs down, making it more affordable for Americans to buy homes.
President Donald Trump in the Oval Office at the White House, in Washington, on May 5, 2025. Leah Millis/Reuters
President Donald Trump on Thursday said the United States will purchase $200 billion in mortgage bonds, with the goal of bringing down housing costs.
“Because I chose not to sell Fannie Mae and Freddie Mac in my First Term … it is now worth many times that amount — AN ABSOLUTE FORTUNE — and has $200 BILLION DOLLARS IN CASH,” Trump wrote in a post on Truth Social.
“I am 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.
This breaking story will be updated with additional details.
Kimberly Hayek is a reporter for The Epoch Times. She covers California news and has worked as an editor and on scene at the U.S.-Mexico border during the 2018 migrant caravan crisis.