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politics20h ago
FHFA chief says Trump deployed $200B to slash mortgage rates, claims impact was immediate
- The White House unveiled a $200 billion mortgage bond program, aimed at lowering borrowing costs for homebuyers.
- FHFA Director William J. Pulte said the move led to immediate rate declines, with mortgage costs at their lowest since early 2023.
- Officials argued the policy would improve affordability and confidence in the housing market.
- Pulte indicated potential IPO considerations for Fannie Mae and Freddie Mac were still uncertain.
- Analysts observed a shift in mortgage spreads as risk moved out of the system.
- The administration aimed to coordinate with homebuilders to increase housing supply.
- Officials stressed the effort was designed to target affordability and market confidence in housing.
- The move followed a broader inflation fight and policy changes affecting mortgage conditions.
- Pulte said the policy aimed to lower borrowing costs and restore affordability for buyers.
- Reporters noted the policy helped homebuyers gain purchasing power since 2022.
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