00:00It's Benzinga, bringing Wall Street to Main Street
00:02President Trump outlined a new housing agenda this week, focused on boosting homebuyer purchasing
00:07power and lowering mortgage rates, according to the Wall Street Journal.
00:11On Wednesday, Trump said he would seek to ban Wall Street firms from buying homes.
00:15On Thursday, he said he would direct Fannie Mae and Freddie Mac to buy $200 billion in mortgage
00:21bonds. Economists said the move could lower mortgage rates, which fell Friday to the lowest
00:26level since 2023. The administration said more proposals will be unveiled at an economic
00:31summit in DeVos later this month. Economists and industry leaders cautioned that demand-focused
00:37policies without added housing supply could raise prices and widen affordability challenges
00:41for buyers and renters. For all things money, visit Benzinga.com.
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