Mortgage Rates Drop to Lowest Level in Nearly 3 Years as Trump Orders Buying of $200 Billion in Mortgage Bonds
Mortgage rates have dropped to their lowest level in nearly 3 years, with President Donald Trump ordering the purchase of $200 billion in mortgage bonds. This move is expected to have a significant impact on the housing market, with many analysts predicting a surge in home sales and prices.
What's Happening Now with Mortgage Rates?
According to CNBC, Trump posted on social media that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. This move is aimed at reducing mortgage rates and making it easier for people to buy homes.
Impact on the Housing Market
The drop in mortgage rates is expected to have a significant impact on the housing market. With lower rates, more people will be able to afford homes, leading to an increase in sales and prices. This could also lead to an increase in construction and development, as builders and developers take advantage of the lower rates to build more homes.
What's Next?
The impact of Trump's move on the housing market will likely be felt in the coming weeks and months. As mortgage rates continue to drop, we can expect to see an increase in home sales and prices. However, it's also possible that the market could become overheated, leading to a correction.
Sources
[1] Mortgage rates drop to lowest level in nearly 3 years as Trump orders buying of $200 billion in mortgage bonds
https://www.cnbc.com/2026/01/09/heres-whats-happening-now-with-mortgage-rates-.html