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President Trump is proposing a federal initiative to purchase mortgage-backed securities as a way to push down long-term mortgage rates. The plan w
Trump's comments in a brief interview with NBC News came after Fed Chair Jerome Powell cited "the administration’s threats and ongoing pressure" to lower interest rates.
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JUST IN: Fed Chair Jerome Powell Facing Criminal Charges From Trump’s DOJ as a ‘Consequence’ for Interest Rates
Fed chair Jerome Powell announced on Sunday President Trump's Justice Department is threatening criminal charges as "a consequence" for interest rates
President Donald Trump said Thursday he had ordered “my representatives” to buy $200 billion in mortgage bonds in an attempt to drive down interest rates and monthly payments, writing in a Truth Social post.
The president's latest affordability push sent 15- and 30-year mortgage rates tumbling. But experts say the long-term impact may be limited.