Trump Administration Promises Broad Push to Rebuild Homeownership and Lower Costs

The White House asserts its government-wide housing plan is lowering costs and expanding access to homeownership, noting mortgage rates have fallen to multi-year lows, affordability indices and buyer activity are improving, rents are down, and refinancings are surging. It highlights actions such as directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to reduce borrowing costs, curbing large institutional purchases of single-family homes, restricting taxpayer-backed mortgages to U.S. citizens, and scrapping the Affirmatively Furthering Fair Housing rule to streamline local housing decisions. The administration says these measures will strengthen the housing market for American families and advance the dream of homeownership.