Mortgage rates fell sharply on Friday after President Donald Trump said he is directing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds, a rare federal push into the housing finance pipeline that is already reshaping rate expectations and reigniting debate over Washington’s role in a market that has priced out many buyers.
"Mortgage Rates are NOW 5.7%! Mortgage costs were HUGE under Biden (around 8%). That’s why almost no young families could afford a home. With my focus on Housing Affordability, and after I authorized Fannie Mae and Freddie Mac to invest their cash, and BUY $200 Billion Dollars in Mortgage Bonds, Mortgage Rates moved down to 5.7%. This is GREAT news for American Families, and real cost relief. We are bringing Housing Costs DOWN, and putting Americans FIRST!," the post read.
Fannie Mae and Freddie Mac, which have operated under government conservatorship since the 2008 financial crisis, do not originate home loans. Instead, they buy mortgages from lenders and either hold them or package them into mortgage-backed securities, or MBS, that can be sold to investors, according to the Federal Housing Finance Agency.
Source:
https://www.newsmax.com/newsfront/mortgage-rates-lowest/2026/01/10/id/1241596/
Diem ‘Richard’ Nguyen
Liên Minh Bảo Hiến Mỹ Gốc Việt
Vietnamese American Conservative Alliance (VACA)
https://freedom-vaca.org/vaca-blog-tieng-viet-nam/