Added at 3:42pm
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Trump proposes $200bn mortgage-bond buying plan to cut US home loan rates
Donald Trump said, in a 'tweet' ('truth') on his own social media app, he has instructed government representatives to purchase $200 billion of mortgage-backed securities (MBS), framing the move as a direct intervention aimed at lowering mortgage rates and restoring housing affordability in the United States. In a statement posted on social media, Trump said housing affordability has deteriorated sharply as mortgage rates surged, placing home ownership further out of reach for many Americans. Trump said the planned MBS purchases would be funded through Fannie Mae and Freddie Mac, government-sponsored enterprises that ... (full story)
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