Trump targets cheaper borrowing via mortgage bond push and 10% card cap

Trump is pushing to lower consumer borrowing costs outside the Federal Reserve by directing Fannie Mae and Freddie Mac to use their balance sheets to buy $200 billion in mortgage bonds to press mortgage rates downward and proposing a one-year cap of 10% on credit-card interest. The moves aim to ease affordability without legislation or new regulations, but economists warn they could backfire or slow the economy even if mortgage rates dip below 6%.