Trump Orders $200 Billion Mortgage Bond Purchase to Lower Rates

President Trump says he has directed the U.S. government to buy $200 billion in mortgage bonds. The move is intended to reduce mortgage rates for American homebuyers. The announcement comes as concerns about high home prices grow. By purchasing these bonds, the government aims to make borrowing cheaper. Mortgage bonds are securities backed by home loans. When the government buys them, it can push interest rates down. The President stated the action will provide direct relief. He linked it to broader economic anxieties about housing affordability. No further details on the timing or process were immediately provided.