Trump instructs ‘representatives’ to buy $200 billion in mortgage bonds, aiming to lower rates
US President Donald Trump speaks during a bill signing ceremony in the Oval Office of the White House in Washington, DC, US, on Friday, Dec. 12, 2025.
Francis Chung | Politico | Bloomberg | Getty Images
President Donald Trump on Thursday said he is “instructing my Representatives” to buy $200 billion in mortgage bonds, claiming that doing so will drive rates and monthly payments down.
Trump, in a Truth Social post, said he was issuing that directive because the value of Fannie Mae and Freddie Mac, the two government-sponsored mortgage-issuing entities, are flush with cash.
It was unclear who Trump is referring to as his representatives. The White House did not immediately respond to CNBC’s request for clarity.
Trump claimed in the post that the move would help restore “affordability,” a word that has become key to Democrats’ political messaging as they accuse the Republican president of failing to address high prices.
The president heaped criticism on the administration of his predecessor, Joe Biden, claiming that he had “ignored the Housing Market” amid a slew of other policy failures.
“Everything was broken, but I, as President of the United States, have already fixed it!” Trump declared. “Now, I am giving special attention to the Housing Market.”
“Because I chose not to sell Fannie Mae and Freddie Mac in my First Term, a truly great decision, and against the advice of the ‘experts,’ it is now worth many times that amount — AN ABSOLUTE FORTUNE — and has $200 BILLION DOLLARS IN CASH,” he wrote.
“Because of this, I am instructing my Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS.”
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