Trump orders government to buy $200 billion in mortgage bonds to lower rates. Really!

This seems to be a foolish government intervention in financial markets!

The current mortgage rate 30-year fixed is about 6%. Not too bad! According to Google search: "Over the past 30 years (roughly 1996-2026), the average 30-year fixed mortgage rate in the U.S. has fluctuated significantly, with averages in recent decades (2000s, 2010s) generally in the 4-7% range".

The daily turnover volume of U.S. Mortgage-Backed Securities (MBS) in the US is about $350 billion.

Maybe Trump ought to be removing all ridiculous federal regulations that make housing construction more expensive!

"President Donald Trump said Thursday afternoon that the federal government will buy $200 billion in mortgage bonds to bring down interest rates and monthly payments. ..."

Trump orders government to buy $200 billion in mortgage bonds to lower rates | Just The News "In recent days, the U.S. president has floated a number of ideas to bring down housing costs."