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In a Jan. 8 post to social media, Trump wrote, "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."
In a Truth Social post on Thursday, Trump said he had directed his "representatives" to purchase $200 billion in mortgage bonds—debt securities backed by home loans—and said doing so will "will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable."
1don MSN
Conservative influencer calls out Trump's credit card cap as proposal that 'socialists' support
Wharton graduate Arynne Wexler warned President Donald Trump's proposed 10% credit card interest cap could backfire, making credit harder to get and pushing borrowers to payday lenders.
President Donald Trump noted at the Detroit Economic Club that he's calling to cap credit card rates at 10 percent for a year. But banks are pushing back.